General Dynamics Receives $62 Million For Submarine Support Work

GROTON, Conn., Oct. 14 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded
General Dynamics Electric Boat $61.8 million to extend two existing contracts
for submarine modernization and maintenance and reactor-plant planning yard
work. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:
GD).

Under a $43.7 million modification, Electric Boat will continue to perform
non-nuclear submarine modernization and repair services at the Naval Submarine
Support Facility in Groton in support of submarines, the Shippingport floating
dry-dock as well as support and service craft. This is a modification to a
five-year contract initially awarded in October 2006 that has a total
potential value of $201.8 million if all options are exercised and funded.
About 270 Electric Boat employees are engaged in the work.

Additionally, Electric Boat will provide reactor-plant planning yard services
for nuclear submarines and support yard services for moored training ships
under a separate $18.1 million contract modification.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 92,000 people worldwide. The company is a market leader in
business aviation; land and expeditionary combat systems, armaments and
munitions; shipbuilding and marine systems; and information systems and
technologies. More information about the company is available on the Internet
at www.generaldynamics.com.

SOURCE General Dynamics Electric Boat

Robert A. Hamilton of General Dynamics Electric Boat, +1-860-433-8556, Cell:
+1-860-705-6197, Rhamilt1@gdeb.com