General Dynamics Electric Boat Received $12 Billion Contract Modification for Virginia-Class Submarines

Specifications:

Name:

General Dynamics Electric Boat Received $12 Billion Contract Modification for Virginia-Class Submarines

Location:

USA

Company:

General Dynamics Electric Boat

Estimated Cost:

$12 Billion

Source:

https://www.gd.com/

Introduction:

General Dynamics Electric Boat, a business unit of General Dynamics has been awarded a total of $12.4 billion in contract modifications for construction of two fiscal year 2024 Virginia-class submarines.

Features:

Virginia-class submarines are designed from the keel up for the full range of 21st-century mission requirements, including anti-submarine and surface ship warfare and special operations support. General Dynamics Electric Boat is the prime contractor and lead design yard for the Virginia-class submarine series and constructs them in a teaming arrangement with HII’s Newport News Shipbuilding in Virginia.

Additionally, the award funds investments to improve productivity at the shipyards and workforce support as detailed in the Department of Defense contract award announcement. This contract includes options which, if exercised, would bring the cumulative value to $17.2 billion.