This news is classified in: Defense Contracts Undersea Warfare
Aug 18, 2017
General Dynamics Electric Boat has been awarded a $115.3 million contract modification by the U.S. Navy to provide research and development and lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract modification, Electric Boat will undertake development studies and other work related to Virginia-class submarine design improvements. Additionally, Electric Boat will perform research and development work required to evaluate new technologies to be inserted in newly built Virginia-class ships, including the Virginia Payload Module.
The contract was initially awarded in 2016 and has a potential value of $431 million.
By Type (Weapon Systems, Communication and Surveillance Systems, Sensors and Computation Systems, Countermeasure Systems and Payload, Unmanned Underwater Vehicles), By Mode of Operation (Manned Operations, Autonomous Operations, Remotely Operations), By Application (Combat, C4ISR, Others), By Region, Competition, 2019-2029F
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