Conn., Oct. 16, 2023 /PRNewswire/ -- General
Dynamics Electric Boat, a business unit of General Dynamics
(NYSE: GD), announced today it was awarded a $217 million contract for long lead time material
associated with the construction of Virginia-class submarines SSN
814 and SSN 815.
"This contract will enable Electric Boat to begin the
acquisition of critical material and components for submarines that
require substantial lead time to manufacture and deliver," said
Kevin Graney, president of General
Dynamics Electric Boat. "Advanced procurement is essential to
achieve the high-rate production the Navy requires of the submarine
industrial base. A consistent demand signal is necessary for our
suppliers to invest in and grow their operations."
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 21,500 people. 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.
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SOURCE General Dynamics