U.S. Navy exercises option for submarine support

September 21, 2015 11:16 AM

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GROTON, Conn., Sept. 21 (UPI) -- General Dynamics Electric Boat is to continue providing support services for active U.S. Navy submarines and submersible vessels.

The work comes from the Navy's exercise of a contract option and is worth $321.7 million. If additional options are exercised the contract's five-year overall value would be $1.5 billion, the company said.

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