General Dynamics Awarded $25 Million for Nuclear Submarine Services by U.S. Navy

GROTON, Conn., Oct. 29 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded
General Dynamics Electric Boat a $25 million contract for management and
support of nuclear-maintenance work for submarines homeported at the Naval
Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of
General Dynamics (NYSE: GD). The contract has a potential value of $78 million
over three years if all options are exercised.

Under the contract, Electric Boat will continue to operate the Nuclear
Regional Maintenance Department (NRMD) at the submarine base. The company will
provide project management, planning, training and radiological-control
services to support maintenance, modernization and repairs. A core group of
about 25 Electric Boat employees is assigned to the NRMD, with surge groups of
up to 100 shipyard employees assigned for short periods.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 92,300 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, or
cell, +1-860-705-6197, Rhamilt1@gdeb.com