Author: Jane Edwards|| Date Published: October 16, 2023
General Dynamics’ (NYSE: GD) Electric Boat subsidiary has secured a potential $216.5 million contract from the U.S. Navy to provide long-lead-time materials in support of construction work on two Virginia-class submarines.
Work on SSN 814 and SSN 815 fast-attack submarines will occur in Minnesota, Illinois, Pennsylvania, New Jersey, Connecticut, Massachusetts, Ohio, California, Washington and other locations in the U.S. through September 2034, the Department of Defense said Friday.
Naval Sea Systems Command is obligating the full contract amount using the service’s shipbuilding and conversion funds for fiscal year 2023.
In May, Electric Boat received a $1.1 billion contract modification to supply long-lead-time material and major components for Block V Virginia-class submarines SSN 812 and SSN 813.
Virginia-class nuclear-powered submarines are designed to support the Navy’s surface ship and anti-submarine warfare and special operations missions.
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