General Dynamics Wins $642 Million Contract Boost For Virginia-Class Submarine Program - General Dynamics (NYSE:GD)

General Dynamics Wins $642 Million Contract Boost For Virginia-Class Submarine Program - General Dynamics (NYSE:GD)

General Dynamics Electric Boat, a division of General Dynamics Corporation (NYSE: GD), has secured a $642 million contract modification from the U.S. Department of Defense. The funding will support design and development activities tied to the Virginia-class submarine program, strengthening one of the Navy’s most critical undersea assets. The cost-plus-fixed-fee contract amendment builds on a previous agreement (N00024-20-C-2120) and provides re…

General Dynamics Electric Boat Wins Contract for Submarine Work

General Dynamics Electric Boat has been awarded a $642 million contract modification to a previously awarded contract supporting submarine production. This modification is for a cost-plus-fixed-fee modification to a previously awarded contract…

General Dynamics Electric Boat wins $642 million contract for Virginia-class submarine support

Mark Rayha, president of General Dynamics Electric Boat, underlined the importance of the agreement. “This contract modification supports our efforts to deliver the submarines our Navy needs as quickly as possible,” he said.     He highlighted the broader national security implications of the investment. “This funding allows us to continue our design and development efforts in order to sustain and extend our nation’s operational overmatch agains…