Business

February 5, 2014

General Dynamics awarded $520 million for Virginia-Class submarine procurement

The U.S. Navy has awarded General Dynamics Electric Boat a $520 million contract modification to buy long lead-time material for four Virginia-class submarines, SSN-794, SSN-795, SSN-796 and SSN-797.
Electric Boat is a wholly owned subsidiary of General Dynamics.

The contract provides funding for steam and electrical-plant components, main propulsion unit and ship-service turbine generator sets, as well as miscellaneous hull, mechanical and electrical-systems components to support construction of the submarines.

With this modification, the contract has a value of $1.2 billion. It was awarded initially in April 2012.

The contract continues to support the submarine industrial base in California, Pennsylvania, New Jersey, Connecticut, Virginia, Arizona, New York, New Hampshire, Wisconsin, Illinois, Massachusetts, and other states throughout the United States.




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