General Dynamics Awarded $432M for FY 2018 Virginia-Class Submarine Work

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a potential $432 million contract modification to support the U.S. Navy‘s development research and design work on Virginia-class submarines in fiscal 2018.

The Defense Department said Tuesday Electric Boat will help the Navy maintain and update design of Virginia-class submarines as well as support technology insertion efforts during the construction and post shakedown availability period.

Electric Boat will continue to support ongoing development and design efforts related to the upgrade of the submarine fleet and the evaluation of technologies that will be integrated with the Virginia-class submarines.

DoD noted the contractor will also provide preliminary and detail component, system design, system, design, test, logistics and production engineering services in support of ongoing Navy efforts.

The Naval Sea Systems Command will obligate a total of $103.2 million at the time of award from the Navy’s fiscal 2012 through 2018 shipbuilding and conversion funds along with research, development, test and engineering funds.

Work will occur in Connecticut and Rhode Island through December 2018.

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