GD Electric Boat Awarded $2 Bn for Virginia-Class Submarine
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This news is classified in: Defense Contracts Navy Undersea Warfare

Mar 21, 2019

GD Electric Boat Awarded $2 Bn for Virginia-Class Submarine Material

The U.S. Navy has awarded General Dynamics Electric Boat a $2 billion contract modification for long lead time material to support construction of Block V Virginia-class submarines.

The award modifies a contract awarded in 2017 that provides funding for long lead time material for steam and electrical plant components, main propulsion unit and ship service turbine generator efforts and miscellaneous hull, mechanical and electrical system components.  This modification brings the overall contract value to approximately $3.2 billion.

“This award allows Electric Boat and the submarine industrial base to continue to make preparations for construction of Block V, which will bring additional payload capacity to the Navy.  Our team will continue to produce the world’s most technologically advanced submarines, safely and efficiently," said Electric Boat President Jeffrey S. Geiger.

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Undersea Warfare Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F

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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Block V submarines will include the Virginia Payload Module (VPM), an added section of the ship containing four large-diameter payload tubes. Extending the hull by 84 feet, the VPM will boost the submarine’s strike capabilities.


General Dynamics Corporation (NYSE: GD)
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