Conn., Oct. 3, 2023 /PRNewswire/ -- General
Dynamics Electric Boat, a business unit of General Dynamics (NYSE:
GD), announced today it has been awarded a $967 million contract modification from the
U.S. Navy for Lead Yard Support and Development and Design efforts
for Virginia-class fast-attack submarines.
The cost-plus-fixed fee modification to a previously awarded
contract totals $967,185,528. Work
will be performed in Groton,
Connecticut; McLeansville, North
Carolina; Newport News,
Virginia; and Newport and
Quonset Point, Rhode Island. Work is expected to be completed
by October 2024. This contract was
awarded on September 29. 2023.
"This contract award supports critical work to further advance
the capability and superiority of the Virginia class submarine," said Kevin Graney, president of General Dynamics
Electric Boat. "We are proud to continue our tradition of
delivering this state-of the-art platform that ensures the safety
of our sailors and their continued dominance in the undersea
Virginia-class submarines are designed 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
and constructs the ships in a teaming arrangement with HII's
Newport News Shipbuilding in Virginia.
General Dynamics Electric Boat designs, builds, repairs and
modernizes nuclear submarines for the U.S. Navy. Headquartered in
Groton, Connecticut, the company
employs more than 21,000 people. More information about General
Dynamics Electric Boat is available at www.gdeb.com.
General Dynamics is a global aerospace and defense company that
offers a broad portfolio of products and services in business
aviation; ship construction and repair; land combat vehicles,
weapons systems and munitions; and technology products and
services. General Dynamics employs more than 100,000 people
worldwide and generated $39.4 billion
in revenue in 2022. More information about General Dynamics is
available at www.gd.com.
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SOURCE General Dynamics