Hello, Guest!
  • Friday, November 22, 2024

General Dynamics Secures $481M Contract Modification for Columbia-Class Submarine Construction


General Dynamics™ (NYSE: GD) Electric Boat business has received a $480.6M contract modification from the U.S. Navy to support the construction for the lead Columbia-class ballistic missile submarine in fiscal years 2019 and 2020.

Electric Boat will also procure long-lead time materials needed for the production of the fleet under the Integrated Product and Process Development contract, the Defense Department said Thursday.

Work under the modification will occur in Rhode Island, Virginia and Connecticut.

The procurement vehicle will be absorbed into the IPPD contract in October 2022, as well as combined with an original funding modification with the U.K. worth $10M.

The company secured the first IPPD contract with a potential value of $5B in 2017.

Video of the Day

Related Articles

State Department Approves Proposed $2B Training Contract for AUKUS Personnel News

State Department Approves Proposed $2B Training Contract for AUKUS Personnel

The Department of State approved a proposed $2 billion sale of devices, equipment and other services to support a training program under the Australia-United Kingdom-United States, or AUKUS, trilateral security alliance for the Indo-Pacific region. The Defense Security Cooperation Agency announced Friday that the foreign military sale to the Australian government will be fulfilled by

Former Northrop Exec David Roberts Named General Dynamics Electric Boat VP Executive Moves

Former Northrop Exec David Roberts Named General Dynamics Electric Boat VP

David Roberts, former director of manufacturing at Northrop Grumman (NYSE: NOC), has been appointed vice president of real estate and facilities at General Dynamics‘ (NYSE: GD) electric boat business, according to a recently published LinkedIn post. He joined the General Dynamics subsidiary that manufactures submarines for the U.S. military following a nearly two-year stint at

General Dynamics Unit Books $217M Navy Contract for Virginia-Class Submarine Materials Contract Awards

General Dynamics Unit Books $217M Navy Contract for Virginia-Class Submarine Materials

General Dynamics’ (NYSE: GD) Electric Boat subsidiary has secured a potential $216.5 million contract from the U.S. Navy to provide long-lead-time materials in support of construction work on two Virginia-class submarines. Work on SSN 814 and SSN 815 fast-attack submarines will occur in Minnesota, Illinois, Pennsylvania, New Jersey, Connecticut, Massachusetts, Ohio, California, Washington and other