On 01/02/2010 6:05 PM, Tim wrote:
http://abcnews.go.com/Business/wireStory?id=9700797

Seems odd that they will lay off a load of people when they've been
awarded a $24M contract to update a submarine.

http://www.businessweek.com/ap/finan.../D9DHLJTO2.htm

Electric Boat is solely owned by defense contractor General Dynamics.
Really odd to lay people off when there's work to be done.

I know I'm missing something, but what?

Probably excess capacity.