General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has won a $28.9 million contract modification from the U.S. Navy to continue developing a common missile compartment for U.S. and U.K. underwater vessels.
Electric Boat will acquire materials to assemble the missile tube for the U.S. Ohio replacement submarine and the U.K.’s Successor ballistic-missile vessel, General Dynamics said Wednesday.
The modification falls under a potential five-year, $2.9 billion contract awarded in December 2012 to conduct research and development work for a ballistic-missile submarine.
That submarine is scheduled to enter construction starting in 2021.
