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January 4, 2013
10:01 EDTGDGeneral Dynamics awarded $4.6B in contracts for submarine programs
General Dynamics Electric Boat was recently awarded three U.S. Navy contracts totaling $4.6B to design and develop the next-generation strategic deterrent submarine, and to continue construction and purchasing of materials for Virginia-class attack submarines. Under a five-year, $1.85B Ohio Replacement Program contract, Electric Boat will perform research and development work for this new class of ballistic-missile submarine, which is scheduled for a 2021 construction start. Additionally, Electric Boat will continue development of the joint U.S. Navy / Royal Navy Common Missile Compartment for Ohio Replacement submarines and the UK Successor-class ballistic-missile submarine. The potential value of this contract is $1.995B. Electric Boat also received a $2.5B award to build two Virginia-class submarines.
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