General Dynamics Awarded $122 Million for Virginia-Class SSN Submarine Procurement

The contract provides funding for steam and electrical-plant components, main propulsion unit and ship-service turbine generator sets, as well as miscellaneous hull, mechanical and electrical-systems components to support construction of the submarines.

With the modification, the contract has a value of $716.5 million. It was awarded initially in April 2012.

Recognized as a model defense-acquisition program for its technical excellence and schedule performance, the Virginia-class submarine program provides the US Navy with the capabilities required to dominate both the open ocean and the littorals. In partnership with the US Navy, Electric Boat is successfully pursuing its goal to reduce ship costs without decreasing capabilities through overall efficiency improvements, decreased ship-construction labors costs and shortened ship-construction cycle times.