General Dynamics Electric Boat Awarded $1.3B Contract for Submarines

The contract will help purchase long lead time materials.

General Dynamics Electric Boat was awarded $1.3 billion to purchase long lead time materials for Virginia-class Block VI submarines.
General Dynamics Electric Boat was awarded $1.3 billion to purchase long lead time materials for Virginia-class Block VI submarines.
General Dynamics

General Dynamics Electric Boat, a business unit of General Dynamics, announced today it has been awarded a $1.3 billion undefinitized contract modification allowing Electric Boat to purchase long lead time materials for Virginia Class Block VI submarines as detailed in the U.S. Department of Defense contract award.

Virginia-class submarines are designed from the keel up for the full range of 21st-century mission requirements, including anti-submarine and surface ship warfare and special operations support. General Dynamics Electric Boat is the prime contractor and lead design yard for the Virginia class and constructs them in a teaming arrangement with HII's Newport News Shipbuilding in Virginia.

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, it employs more than 23,000 people. General Dynamics employs more than 100,000 people worldwide and generated $42.3 billion in revenue in 2023.

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