The U.S. Navy has awardedÂ General Dynamics‘ (NYSE: GD) Electric Boat subsidiary aÂ $696.2 million contract modification to obtain additional long-lead time materials needed to build four Virginia-class submarines.
The modification will fund procurement ofÂ steam and electric plant components, main propulsion systems, ship service turbine generators andÂ miscellaneous hull, mechanical and electrical parts for SSN 802,Â SSN 803,Â SSN 804 andÂ SSN 805, theÂ Defense DepartmentÂ said Monday.
Electric Boat is scheduled to begin construction of the submarines in fiscal year 2019.
The Naval Sea Systems Command will obligate the entire modification amount at the time of award from the service branch’s fiscal 2018 shipbuilding and conversion funds.
Locations of work include California, Virginia, Rhode Island, New York, Massachusetts, Pennsylvania, New Jersey, Connecticut, Indiana, Colorado, Illinois, Florida, Arizona, Washington, South Carolina, Kentucky,Â Virginia, Wisconsin and the U.K.
The Pentagon expects Electric Boat to complete work under the modification in January 2019