General Dynamics Electric Boat Secures $145M Navy Contract Modification for Submarine Engineering Support

A General Dynamics (NYSE: GD) subsidiary will continue to help the U.S. Navy design and provide engineering support for operational strategic and attack submarines under a potential $145 million contract modification.

The award also extends technical, design agent and planning yard support services for the service branch, the Department of Defense said Thursday.

General Dynamics Electric Boat will perform the majority of contract work in Groton, Connecticut, and the remaining 30 percent will occur in Georgia, Washington, Hawaii and Rhode Island through September 2024.

Naval Sea Systems Command will obligate funds using the Navy’s other procurement funds for fiscal years 2023 and 2024.

In July 2019, Electric Boat secured a potential $1.04 billion contract to provide the Navy with submarine-related drawings, logistics technical data, configuration management, design change documentation and other support services.

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