General Dynamics Electric Boat Received $76.6 Billion U.S. Navy Construction Contracts for 14 Columbia- and Virginia-Class Submarines

Specifications:

Name:

General Dynamics Electric Boat Received $76.6 Billion U.S. Navy Construction Contracts for 14 Columbia- and Virginia-Class Submarines

Location:

USA

Company:

General Dynamics Electric Boat

Estimated Cost:

$76.6 Billion

Source:

https://www.gd.com/

Introduction:

Following the $76.6 billion U.S. Navy contract announcement, General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), has been awarded $29.5 billion for the construction of five additional Columbia-class submarines, $42.1 billion for nine additional Virginia-class submarines, along with additional funding to support shipyard infrastructure.

Features:

These contract modifications provide General Dynamics Electric Boat and its supplier network with long-term production certainty, enabling continued investment in manufacturing capacity, shipyard infrastructure, and workforce expansion to support the on-schedule delivery of Columbia- and Virginia-class submarines for the U.S. Navy.

General Dynamics Electric Boat designs, builds, repairs, and modernises nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, the company employs more than 27,000 people.