General Dynamics ‘ (NYSE: GD) Electric Boat subsidiary has booked a $1.1 billion contract modification from the U.S. Navy to build two Block V Virginia-class submarines .
The builder will use the funds to procure long-lead-time material and major components needed for the SSN 812 and SSN 813 construction projects, General Dynamics said Tuesday.
Work will occur in California, New Jersey, Pennsylvania, Illinois, Arizona, Connecticut, Maryland, Minnesota, South Carolina, Massachusetts and other locations through September 2033.
Electric Boat was awarded a $24.1B contract modification in December 2019 to manufacture nine Block V Virginia-class submarines for the service.
In March 2021, the business received a potential $2.42 billion contract modification to work on an additional submarine equipped with Virginia Payload Module.
The General Dynamics unit works with HII ‘s (NYSE: HII) Newport News Shipbuilding division on the construction of the submarines.
Shield AI has finalized its purchase of Aechelon Technology three months after its initial announcement Aechelon is valued at $12.7…
Red River has tapped Sean Papso as president and chief growth officer of its Invictus government services unit Grant Schneider…
CACI has appointed Dave Young as COO Young will join CACI’s executive leadership team and report to CEO John Mengucci…
NASA has begun issuing awards under the latest SEWP VI governmentwide IT procurement program SEWP VI provides federal agencies with…
Booz Allen has agreed to acquire Ultra Mission Solutions for $720 million The transaction will add mission-critical software and encryption…
The Navy has awarded two companies five-year contracts worth $249 million each Work covers architectural-engineering support for the NAVFAC Washington…
Endurion has named Justin Janaskie as its president and chief operating officer Quiet Professionals and Spathe Systems last month rebranded…
MDA Space will acquire Blue Canyon Technologies from RTX business Raytheon The acquisition is an all-cash transaction valued at $620…
SAIC has named John Wagner enterprise growth SVP Wagner brings expertise in strategic growth, mission integration and customer engagement The…
One Stop Systems has named defense and tech executive Paul Averna its vice president of business development and growth He…
QuSecure has added retired CIA executive Eman Blair to its federal advisory board Blair has more than 21 years of…
Accenture has agreed to acquire a majority stake in Dragos and 100 percent of runZero and NetRise The proposed deals…
You’ve already read all related articles.
VIDEO 
