$116 M Virginia Payload Module Development Contract

General Dynamics Electric Boat has been awarded a $116 million contract modification for the continued development of the Virginia Payload Module (VPM). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The VPM will comprise four large-diameter payload tubes in a new hull section to be inserted in Virginia-class submarines, boosting strike capacity by 230 percent.

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Source: General Dynamics Corporation (NYSE: GD)
Date: Jul 6, 2016