Projo Biz Blog

John Casey, president of Electric Boat, is scheduled to visit the company's submarine building plant in the Quonset Business park this afternoon and discuss plans for 2008. There are about 2,100 employees at Electric Boat's facility at Quonset and another 8,100 workers at the company's operation in New London, Connecticut.
This morning, Electric Boat's parent company, General Dynamics, based in Falls Church, Virginia, said it may buy back as many as 10 million shares to support its stock price. The shares (GD:NYSE) closed Wednesday at $92.43, up $2.5.

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