The U.S. Navy awarded General Dynamics Electric Boat a $1.3 billion contract modification that provides funding for the construction of the ninth Virginia-class submarine (SSN-782) and advance procurement for the 10th ship of the class. Electric Boat is a wholly owned subsidiary of General Dynamics .
The award modifies an August 2003 contract for the construction of six Virginia-class submarines at a rate of one per year from FY 03 through FY 08; the total value of the contract is $8.4 billion. In all, Electric Boat and its construction teammate, Northrop Grumman, have received contracts to build 10 ships of the class.
The contract modification provides $1.1 billion for construction of SSN-782; and $175.2 million in advance procurement for SSN-783.
Navy Awards General Dynamics $51 Million For Sub Maintenance and Modernization Work
