Tag Archives: Virginia-class submarines

General Dynamics Allots $1B CapEx Budget for Submarine Construction Updates

TYSONS CORNER, VA, February 1, 2019 — General Dynamics (NYSE: GD) has unveiled a plan to reinvest $1B into its manufacturing operations in 2019 as part of a capital expenditure strategy that includes the further development of submarine construction capabilities, ExecutiveBiz reported Thursday. USNI News reported Wednesday that the funds will …

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HII Launches Latest Virginia-Class Navy Sub Ahead of Testing, Crew Certification

TYSONS CORNER, VA, December 19, 2018 — Huntington Ingalls Industries (NYSE: HII) has rolled out a Virginia-class nuclear-powered submarine that it built with General Dynamics‘ (NYSE: GD) Electric Boat business, two months after the vessel’s christening as USS Delaware, ExecutiveBiz reported Tuesday. HII said Monday its Newport News Shipbuilding division launched …

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General Dynamics Subsidiary Gets $346M Virginia-Class Submarine Support Contract Extension

General Dynamics’ (NYSE: GD) Electric Boat subsidiary will continue to provide lead yard support and conduct development studies and design efforts for the U.S. Navy’s Virginia-class submarines through the end of fiscal year 2019 under a $346.5M contract modification. The modification covers maintenance, engineering, design improvement, systems integration, logistics and …

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