PR Newswire: news distribution, targeting and monitoring
2014

General Dynamics Awarded $209 Million for Future Virginia-class Submarines

Share with Twitter Share with LinkedIn

GROTON, Conn., July 1, 2013 /PRNewswire/ -- The U.S. Navy has awarded General Dynamics Electric Boat a $208.6 million contract modification to buy long lead-time material for three Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Recognized as a model defense-acquisition program for its technical excellence and schedule performance, the Virginia-class submarine program provides the Navy with the capabilities required to dominate both the open ocean and the littorals. In partnership with the Navy, Electric Boat is driving innovative cost-saving efforts, without impacting capabilities, through overall efficiency improvements, decreased ship-construction labors costs and shortened ship-construction cycle times.

As a result of this successful program performance and demand for the versatile capabilities of the Virginia-class submarine, the Navy authorized Electric Boat to start construction of two submarines per year beginning in 2011. This contract provides funding for the second fiscal year (FY) 14 Virginia-class submarine, SSN-793, and two FY 15 submarines, SSN-794 and SSN-795. Items funded include steam and electrical-plant components, main propulsion unit and ship-service turbine generator sets, and miscellaneous hull, mechanical and electrical-systems components to support construction of the submarines.

With this modification, the overall contract is worth $595 million. It was initially awarded in April 2012.

More information about General Dynamics is available at www.generaldynamics.com.

www.gdeb.com 

SOURCE General Dynamics Electric Boat



RELATED LINKS
http://www.gdeb.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release