A General Dynamics (NYSE: GD) subsidiary has received a potential $210.4 million contract to help the U.S. Navy manage a nuclear regional maintenance department at the Naval Submarine Base New London in Connecticut.
General Dynamics Electric Boat will provide staff and operation services to support requirements on nuclear-powered submarines stationed at the military base, the Defense Department said Friday.
The contract has a $38.4 million base value and will reach its full value if all options are exercised.
The Naval Sea Systems Command will obligate $28.2 million in fiscal 2018 operations and maintenance funds at the time of award.
