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General Dynamics Electric Boat received $533 million for – Press Release

GROTON, Conn., October 6, 2022 /PRNewswire/ — General Dynamics Electric Boat, a business unit of General Dynamics DGannounced today that it has been awarded a contract modification by the US Navy for guidance shipyard support, development studies and design efforts related to Virginia-class attack submarines.

The contract change has a value of $532.9 million. The work will be carried out in Groton, Connecticutand Newport News, Vaand is expected to be completed by October 2023.

“We are proud to continue to support the design and construction of Virginia-class submarines to ensure they have the superior combat capabilities the U.S. Navy needs to defend our nation,” he said Kevin Grany, President of Electric Boat. “The further development of Virginia Class over the last two decades guarantees our sailors the asymmetric advantage they deserve.”

General Dynamics Electric Boat designs, builds, repairs, and modernizes nuclear submarines for the US Navy. headquarters in Grotonthe company employs around 18,000 people. For more information on General Dynamics Electric Boat, visit gdeb.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of business aviation products and services. building and repair of ships; land combat vehicles, weapon systems and ammunition; and technological products and services. General Dynamics employs more than 100,000 people worldwide and generated sales of $38.5 billion in 2021. For more information about General Dynamics, see www.gd.com.

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