Hello, Guest!
  • Thursday, November 21, 2024
Artist rendering of a Columbia class submarine underway. (Credit: GDEB.)

Leonardo DRS Books $1B in Navy Submarine Component Supply Contracts; William Lynn Quoted

Leonardo DRS (Nasdaq: DRS) has reported more than $1 billion in contract awards to manufacture electric propulsion hardware for the U.S. Navy’s Columbia-class ballistic missile submarines.

The defense technology supplier said Monday production efforts will occur at various facilities in Massachusetts, Wisconsin, Connecticut and Missouri.

William Lynn, CEO of Leonardo DRS, said the company supports the submarine program through a partnership with General Dynamics‘ (NYSE: GD) Electric Boat subsidiary.

Electric Boat booked a $5.13 billion contract modification in December to obtain long-lead-time materials and perform advance construction work for the new fleet.

Columbia-class underwater vessels will replace watercraft in the branch’s Ohio class.

The Navy aims to procure 12 new nuclear-powered ballistic missile submarines, designated SSBN, to replace aging underwater vessels in the Ohio class, according to a Congressional Research Service report.

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