Electric Boat nearly doubles leased off-base space!

PRESS RELEASE


April 8, 2010

For Immediate Release



Electric Boat Leases Space

in Camden County, Georgia

CAMDEN COUNTY, GEORGIA - April 8, 2010



General Dynamics Electric Boat is leasing additional space in Camden County, Georgia. The county is home to the Naval Submarine Base Kings Bay ("NSB Kings Bay"), which is the east coast home port of the U.S. Trident Submarine Fleet. Electric Boat provides design, construction, and life cycle support of the Ohio-class Trident submarines home-ported at the base, and provides service to other submarines which periodically visit the base for repairs and maintenance, including attack submarines.



Electric Boat is nearly doubling its off-base footprint; from approximately 24,000 square feet to 46,000 square feet. With this lease, Electric Boat will bring its operations in the area together in one location and secure additional warehouse space.



According to David Keating, Executive Director of the Camden County Joint Development Authority ("JDA"), "General Dynamics-Electric Boat is one of the world's premier military contractors and a great asset to both NSB Kings Bay and Camden County. The company employs highly skilled engineers, technicians and maintenance personnel that keep our very special submarines operating at peak capacity, thus insuring the safety of our brave service men and women and the success of their missions. The JDA, State of Georgia, and community partners have been working with Electric Boat to assist them in identifying and supporting opportunities in the area. We are pleased they are investing in Camden County and proud to have them as a corporate citizen."



"This lease will provide us with the space we need to support our operations in Camden County," said John DeBartalo, the Kings Bay site manager for Electric Boat. "The authority helped to keep the search process very smooth - we told them our requirements, and they quickly responded."



According to Sheila McNeil, President of the Camden Partnership, "We couldn't be more pleased to have Electric Boat increase their mission in Camden County. The Camden Partnership's goals are to support and increase the mission at Kings Bay and to work with our military contractors on enlarging their business in Camden County. Electric Boat has been a part of this community for many years and as the builder of our great submarines we appreciate their quality service. You only have to tour one of the great ships to be impressed with the men and women who build them. We welcome their expansion to our military friendly community."



With more than a century of experience, Electric Boat has established standards of excellence in the design, construction and lifecycle support of submarines for the U.S. Navy. Primary operations are the shipyard in Groton, CT, and the automated hull-fabrication and outfitting facility in Quonset Point, RI, with a current workforce of 10,500 employees.