GROTON, Conn., Dec. 10, 2018 /PRNewswire/ -- General
Dynamics Electric Boat has been awarded a $346.5 million contract modification by the U.S.
Navy to provide research and development and lead-yard services for
Virginia-class nuclear-powered attack submarines. Electric Boat is
a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract modification, Electric Boat will undertake
development studies and other work related to Virginia-class
submarine design improvements. Additionally, Electric Boat will
perform research and development work required to evaluate new
technologies to be inserted in newly built Virginia-class ships,
including the Virginia Payload Module.
Initially awarded in 2016, the contract has a potential value of
$1.3 billion through September 2019.
This work will engage Electric Boat's engineering and design
organization, which comprises more than 5,000 employees. Possessing
proven technical capabilities, these employees work on all facets
of the submarine life cycle from concept formulation and design
through construction, maintenance and modernization, and eventually
to inactivation and disposal.
More information about Electric Boat is available at
www.gdeb.com. More information about General Dynamics is available
at www.generaldynamics.com.
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SOURCE General Dynamics Electric Boat