IBM dives into submarine contstruction deal

Big Blue on Monday said it will help get submarines into the deep blue sea faster. IBM announced a multiyear contract with General Dynamics to help its Electric Boat unit link partners and suppliers via the Web, a move aimed at accelerating the construction of submarines for the U.S. Navy.

IBM said it will host and manage a supply chain network designed to reduce inefficiencies in contract management and component procurement inherent in today's largely paper-based shipbuilding supply chain. Defense contractor General Dynamics' Electric Boat unit will pay a monthly usage fee for the service based on the number of registered users, suppliers and business processes. Read the full story.