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General Dynamics Subsidiary Gets $2B Contract Modification for Additional Virginia-Class Submarine Materials

General Dynamics’ (NYSE: GD) Electric Boat subsidiary has received a $2.04B contract modification to provide additional materials required to build the U.S. Navy’s Virginia-class submarines from fiscal 2019 through fiscal 2023.

The modification falls under a previously awarded sole-source contract and includes additional long lead-time material and economic ordering quantity items for SSN-802 to SSN-811 underwater vessels, the Department of Defense said Monday.

DoD noted the service will obligate the full amount at the time of award using fiscal 2019 and 2018 shipbuilding and conversion funds.

The contracting activity is Naval Sea Systems Command in Washington, D.C.

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