2017 - Press Release Archives

General Dynamics Receives $96 Million U.S. Navy Award for Continued Columbia-Class Submarine Development

GROTON, Conn. (April 26, 2017) - The U.S Navy has awarded General Dynamics Electric Boat a $95.5 million contract modification to continue development of the Common Missile Compartment for the U.S. Navy’s Columbia-class submarine and the Royal Navy’s Dreadnought-class ballistic-missile submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The contract modification will enable procurement of 17 missile tubes which will support the manufacture of the Common Missile Compartment.

Initially awarded in December 2012, the five-year, $1.85 billion contract calls for Electric Boat to perform research and development work for the Navy’s next-generation ballistic-missile submarine, which is scheduled to begin construction in 2021. The potential value of the overall contract is $2.5 billion.

More information about Electric Boat, please visit www.gdeb.com.

More information about General Dynamics is available at www.generaldynamics.com.

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General Dynamics Awarded $126 Million by U.S. Navy for Virginia-Class Block V Long Lead Time Material

GROTON, Conn. (Feb 16, 2017) - General Dynamics Electric Boat has been awarded a $126.5 million contract by the U.S. Navy for long lead time material for the first two Block V Virginia-class submarines, SSN-802 and SSN-803. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The contract provides funding for steam and electric-plant components, the main propulsion units and ship-service turbine generators, and miscellaneous hull, mechanical and electrical-system components to support construction of the two submarines beginning in fiscal year 2019.

Block V will include submarines with the Virginia Payload Module (VPM), which comprises four additional large-diameter payload tubes in a new hull section inserted amidships. Extending the hull by 84 feet, the VPM will boost strike capacity by more than 230 percent per ship and enable distribution of strike assets, giving theater commanders greater discretion in staging payloads.

More information about Electric Boat, please visit www.gdeb.com.

More information about General Dynamics is available at www.generaldynamics.com.

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