GROTON, Conn., March 19, 2019 /PRNewswire/ -- The U.S. Navy has
awarded General Dynamics Electric Boat a $2 billion contract modification for long lead
time material to support construction of Block V Virginia-class
submarines.
The award modifies a contract awarded in 2017 that provides
funding for long lead time material for steam and electrical plant
components, main propulsion unit and ship service turbine generator
efforts and miscellaneous hull, mechanical and electrical system
components. This modification brings the overall contract
value to approximately $3.2
billion.
"This award allows Electric Boat and the submarine industrial
base to continue to make preparations for construction of Block V,
which will bring additional payload capacity to the Navy. Our
team will continue to produce the world's most technologically
advanced submarines, safely and efficiently," said Electric Boat
President Jeffrey S. Geiger.
Block V submarines will include the Virginia Payload Module
(VPM), an added section of the ship containing four large-diameter
payload tubes. Extending the hull by 84 feet, the VPM will boost
the submarine's strike capabilities.
Electric Boat employs about 17,000 people in Groton and New
London, Connecticut; and Quonset
Point, Rhode Island.
Electric Boat is a wholly owned subsidiary of General Dynamics
(NYSE: GD). More information about General Dynamics is
available at www.generaldynamics.com.
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SOURCE General Dynamics Electric Boat