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Tuesday, July 02, 2013

General Dynamics Awarded $209 Million for Future Virginia-class Submarines

Virginia class submarineThe U.S. Navy has awarded General Dynamics Electric Boat a $208.6 million contract modification to buy long lead-time material for three Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics.

Recognized as a model defense-acquisition program for its technical excellence and schedule performance, the Virginia-class submarine program provides the Navy with the capabilities required to dominate both the open ocean and the littorals.

In partnership with the Navy, Electric Boat is driving innovative cost-saving efforts, without impacting capabilities, through overall efficiency improvements, decreased ship-construction labors costs and shortened ship-construction cycle times.

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