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Electric Boat Awarded Navy Funds

Maritime Activity Reports, Inc.

June 23, 2003

Electric Boat Corp., Groton, Conn., is being awarded a $10,012,282 cost-plus-fixed-fee, level-of-effort modification to a previously awarded contract (N00024-01-C-2900) for efforts in association with staffing and operation of the Nuclear Regional Maintenance Department, Naval Submarine Base, New London, Conn. Work will be performed in New London, Conn., and is expected to be completed by September 2005. Contract funds will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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