General Dynamics Subsidiary Gets $107.5M Modification for Virginia-Class Submarine Payload Installation

A General Dynamics (NYSE: GD) subsidiary has received a $107.5M contract modification to install payload modules on Virginia-class submarines and produce insertion prototype materials for the USS South Dakota or SSN 790.

General Dynamics Electric Boat will perform work under the sole-source modification through November 11, 2019, the U.S. Navy said Friday in a FedBizOpps notice.

This award follows a previous $116M modification that Electric Boat received in 2016 for the same contract.

Huntington Ingalls Industries (NYSE: HII) is constructing the USS South Dakota in partnership with Electric Boat.

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