GDEB Awarded $533M for Virginia-Class Submarine Support

October 06, 2022

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General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it was awarded a U.S. Navy contract modification for lead-yard support, development studies and design efforts related to Virginia-class attack submarines.

General Dynamics Electric Boat was awarded a U.S. Navy contract modification for lead-yard support, development studies and design efforts related to Virginia-class attack submarines.

The contract modification has a value of $532.9 million. Work will be performed in Groton, Connecticut, and Newport News, Virginia, and is expected to be completed by October 2023.

"We are proud to continue to support the design and engineering of Virginia-class submarines to ensure they have the superior warfighting capabilities the U.S. Navy needs to defend our Nation," said Kevin Graney, president of Electric Boat. "The continued evolution of the Virginia class over the last two decades guarantees our sailors the asymmetric advantage they deserve."

Source : General Dynamics Corporation