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Wednesday, October 03, 2012

General Dynamics Awarded $100 Million by U.S. Navy for Virginia-class Submarine Work

Virginia-class submarine |General Dynamics Electric Boat has been awarded a $100.4 million contract modification by the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics.

Under the contract, Electric Boat will develop, maintain and update design drawings and data, including technology insertions, for each Virginia-class submarine throughout its construction and post-shakedown availability periods.

The contract has a potential cumulative value of $881 million through 2014 if all options are exercised and funded.

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