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Tuesday, December 24, 2013

General Dynamics Awarded $122 Million for Virginia-Class Submarine Procurement

Virginia-class submarineThe U.S. Navy has awarded General Dynamics Electric Boat a $121.8 million contract modification to buy long lead-time material for three Virginia-class submarines, SSN-793, SSN-794 and SSN-795. 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 the modification, the contract has a value of $716.5 million. It was awarded initially in April 2012.

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