General Dynamics Electric Boat awarded $520M government contract modification

February 4, 2014

Electric Boat Corp is being awarded a $520M undefinitized contract action under existing contract, for additional long lead time material associated with the two FY15 Virginia-class submarines and the two FY16 Virginia-class submarines. This contract modification provides additional long lead time material for steam and electric plant components, the main propulsion unit efforts and ship service turbine generator efforts, steel and miscellaneous hull, mechanical and electrical system components. Work is expected to be complete by January 2015. Contract funds will not expire at the end of the current FY.