Hello, Guest!
  • Friday, April 19, 2024

General Dynamics Eyes $850M Investment for Submarine Builder Expansion in Connecticut


TYSONS CORNER, VA, May 3, 2018 — General Dynamics (NYSE: GD) is anticipated to invest an estimated $850 million to establish a new facility and expand operations in Connecticut in support of its General Dynamics Electric Boat subsidiary, ExecutiveBiz reported Wednesday.

The Connecticut Post reported Tuesday the company is set to receive $83 million from the state government to help fund the expansion, which will include a new dry dock to house the accelerated construction of the U.S. Navy‘s Columbia-class ballistic missile submarines, as well as the addition of nearly 2,000 workers across Groton and New London over a 17-year period.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

Contact:
Jason Scott
(703) 226-7003
jason.scott@executivemosaic.com

Video of the Day

Related Articles

General Dynamics Land Systems Secures $297M Army M10 Booker System Technical Support Contract Contract Awards

General Dynamics Land Systems Secures $297M Army M10 Booker System Technical Support Contract

A General Dynamics (NYSE: GD) subsidiary has received a potential five-year, $296.8 million contract from the U.S. Army to provide system technical support for the military branch’s M10 Booker combat vehicle. Army Contracting Command will obligate funds and determine work locations upon award of each task order and expects contract work to run through April

Dan Davis Named ASRC Federal Solution Architecture VP Executive Moves

Dan Davis Named ASRC Federal Solution Architecture VP

Dan Davis, a GovCon industry executive, has joined ASRC Federal as vice president of solution architecture. He announced his appointment in a LinkedIn post published Monday. Davis brings to the role his decades of experience leading strategic planning, business development, technology product design and development, systems engineering, procurement, project management, integration and testing initiatives. Prior

General Dynamics Land Systems Awarded $519M Army Contract for Stryker System Technical Support Contract Awards

General Dynamics Land Systems Awarded $519M Army Contract for Stryker System Technical Support

A General Dynamics (NYSE: GD) business has received a potential five-year, $518.8 million contract from the U.S. Army to provide system technical support services for the military branch’s Stryker armored fighting vehicles. Army Contracting Command conducted an online solicitation and received one offer for the cost-plus-fixed-fee contract, the Department of Defense said Friday. The contract