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Electric Boat awarded $71.6B for 14 submarines, providing demand certainty for capacity and workforce.

General Dynamics Electric Boat has been awarded $29.5 billion for five additional Columbia-class submarines and $42.1 billion for nine additional Virginia-class submarines, as part of a larger $76.6 billion Navy contract announcement. The awards also include additional support for shipyard infrastructure. Mark Rayha, president of General Dynamics Electric Boat, said the contract modifications provide demand certainty to continue investing in capacity and workforce hiring to deliver the submarines on schedule.
General Dynamics CorporationElectric Boat awarded $71.6B for 14 submarines, providing demand certainty for capacity and workforce.