AÂ General DynamicsÂ (NYSE: GD)Â subsidiary has securedÂ a one-year, $300.6 million contract to provide lead yard services and support development studies and design efforts for the U.S. Navy‘s Virginia-class submarines.
The Defense Department said TuesdayÂ that Electric Boat Corp. will help the military branch maintain and update theÂ design and related drawings and data of eachÂ submarine under the Virginia class throughout theÂ construction process andÂ post-shakedown availability period.
DoD added the contract also coversÂ engineering and associatedÂ lead yard services for direct maintenance and support of Virginia-class ship specifications.
Work will occurÂ in Connecticut, Virginia and Rhode Island through September 2017.
The Naval Sea Systems Command will obligate $43.3 million at the time of the award from the Navy’s fiscal years 2009, 2011, 2012, 2013, 2014, 2015 and 2016 shipbuilding and conversion funds as well as fiscal years 2015 and 2016 research, development, test and engineering funds.
Virginia-class submarines willÂ serve as the Navy’s next-generation attack submarines and will replace retiringÂ Los Angeles-class submarines.