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Saturday, December 22, 2012

Electric Boat gets $1.85 billion sub contract

Ohio class submarine |The Navy has awarded Electric Boat a contract worth nearly $2 billion to continue early design work on a new class of ballistic-missile submarines.

The contract, awarded Friday, spans five years — fiscal 2013 through 2017 — and is the first submarine research and development contract to feature financial incentives directly tied to reducing the program's costs, according to the Navy.

Most designers and engineers at EB's New London offices are focused on creating the ballistic-missile sub that will replace the Ohio class. It's the first new design of a ballistic-missile sub in 40 years.

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