2019 - Press Release Archives
General Dynamics Electric Boat Awarded $22.2 Billion by U.S. Navy for Fifth Block of Virginia-Class Submarines New submarines to provide expanded capacity and advanced capabilities to the fleet GROTON, Conn. (December 2, 2019) - The U.S. Navy today awarded General Dynamics Electric Boat a contract valued at $22.2 billion for the construction of 9 new Virginia-class submarines. The contract also includes the option of a tenth ship to be constructed within the contract time frame, bringing the total potential contract value to approximately $24.1 billion. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The multi-year 'Block V' contract enables Electric Boat as prime contractor, along with its teammate, Newport News Shipbuilding, to deliver Virginia-class fast-attack submarines with advanced capabilities and expanded capacity to the Navy. Construction on Block V ships will begin this year, with deliveries scheduled from 2025 through 2029. "This contract allows for our shipbuilding team, our suppliers and our employees to plan ahead so that we can continue to deliver submarines of unmatched quality, stealth and lethality," said Kevin M. Graney, President, General Dynamics Electric Boat. "Increasing the cadence of our production from one per year to two, coupled with the start of full production of the Columbia-class ballistic missile submarine, represents a generational increase in submarine production for our nation." "We are prepared to meet the challenge," said Graney. Ships of the Virginia class exemplify the commitment by the Navy and industry to reduce costs through a multi-year procurement strategy, continuous improvements in construction practices and cost-reduction design changes. Over the life of the Virginia program, shipbuilders have driven delivery timelines from 88 months in Block I to a current rate of 68 months, while doubling the build rate of submarines to two ships per year and consistently increasing ship capability. Eight of the ships produced for Block V will include the Virginia Payload Module (VPM), which Electric Boat will build at a recently-constructed facility at Quonset Point, Rhode Island. The VPM will comprise four additional large-diameter payload tubes located amidships, increasing the fixed strike capacity of the ship by more than 230 percent. VPM, which was designed by Electric Boat, will enable enhanced use of Special Operating Forces and allow the Navy to bring aboard additional weapons, sensors and other special payloads. Electric Boat and Newport News Shipbuilding already have delivered 18 Virginia-class submarines to the Navy and all 10 Block IV submarines are currently under construction. Virginia-class submarines displace 7,800 tons, with a hull length of 377 feet and a diameter of 34 feet. With VPM, the submarines will displace 10,200 tons and have a length of 460 feet. They are capable of speeds in excess of 25 knots and can dive to a depth greater than 800 feet, while carrying Mark 48 advanced capability torpedoes, Tomahawk land-attack missiles and unmanned underwater vehicles. General Dynamics Electric Boat has a workforce of more than 17,000 employees at its three primary locations in Groton and New London, Connecticut, and Quonset Point, Rhode Island. General Dynamics Electric Boat is a business unit of General Dynamics (NYSE: GD). Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $36.2 billion in revenue in 2018. More information about Electric Boat is available at www.gdeb.com. More information about General Dynamics is available at www.generaldynamics.com. |
U.S. Navy awards General Dynamics $434M for Virginia-class sub development and design work GROTON, Conn. (October 11, 2019) - The U.S. Navy has awarded General Dynamics Electric Boat a $434.4 million contract to provide lead-yard support, development studies and design efforts for Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the terms of the cost-plus-fixed-fee contract, Electric Boat will undertake development studies and other work related to Virginia-class submarine design improvements. Additionally, Electric Boat will perform research and development work required to evaluate new technologies to be inserted in newly built Virginia-class ships, including the Virginia Payload Module. Ninety-four percent of the work will be done at Groton; 5 percent at Newport News, VA.; and 1 percent at Quonset Point and Newport, R.I. Completion of this work is scheduled for Sept. 30, 2020. This work will engage Electric Boat's engineering and design organization, which comprises more than 5,000 employees. Possessing proven technical capabilities, these employees work on all facets of the submarine life cycle from concept formulation and design through construction, maintenance and modernization, and eventually to inactivation and disposal. More information about Electric Boat is available at www.gdeb.com. More information about General Dynamics is available at www.generaldynamics.com. |
General Dynamics to Christen the U.S. Navy's Newest Submarine, Oregon, on Saturday GROTON, Conn. (October 2, 2019) - General Dynamics Electric Boat will christen Oregon (SSN 793), the U.S. Navy's newest and most advanced nuclear attack submarine, at a ceremony at its shipyard on Saturday, Oct. 05, at 10 a.m. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Dana Richardson is the ship sponsor. She is a native Oregonian and the wife of John Richardson, the recently retired U.S. Navy Chief of Naval Operations. Ms. Richardson has focused her time on military spouse initiatives, family programs and family resources, serving on multiple boards and in a variety of leadership roles with organizations including the National Military Family Association, the Naval Officer's Spouse Club and the Navy Marine Corps Relief Society. The submarine Oregon is the 20th ship of the Virginia Class. The central characteristic of the class is the modularity derived from the design/build approach, which supports efficient construction and mission capability. This provides the U.S. Navy with a submarine class that advances the state-of-the-art with each succeeding ship. Oregon's adaptability makes it highly responsive to changing mission requirements. Electric Boat and its partner, Newport News Shipbuilding, share construction of the submarines under a teaming agreement. A total of 28 Virginia-class submarines have been delivered, are under construction or under contract. A live video and audio webcast of the Oregon christening will be accessible online at: www.gdeb.com. Webcast coverage will begin Saturday at 9:30 a.m. EST; the ceremony will begin at 10 a.m. and conclude at approximately 11:15 p.m. The program will be available for on-demand replay for one week, beginning at approximately 3:30 p.m. EST on Saturday. Attendance is by invitation only. |
General Dynamics Appoints Graney as President of Electric Boat; Carver as President of NASSCO; Geiger to Retire 
RESTON, Virginia (September 13, 2019) - General Dynamics (NYSE: GD) has appointed General Dynamics NASSCO president Kevin Graney as president of General Dynamics Electric Boat, effective October 1. David J. Carver, NASSCO's vice president and general manager of repair, will succeed Graney as president of General Dynamics NASSCO. Jeffrey S. Geiger, who has served as president of Electric Boat since 2013, will retire effective September 30. "Kevin Graney's leadership, nuclear propulsion expertise and proven track record with submarine and surface shipbuilding will be essential to Electric Boat as it expands operations to build both the Columbia-class ballistic missile submarine and the next generation of Virginia-class attack submarines," said Robert E. Smith, executive vice president for Marine Systems. "With Dave Carver's in-depth understanding of NASSCO, he will ensure that we continue to deliver on our strong backlog of new construction and repair for both the U.S. Navy and commercial customers." "We thank Jeff Geiger for his 35-years of service to General Dynamics and we wish him well," said Smith. Graney began his shipbuilding career with General Dynamics Electric Boat in 1995 as a senior engineer for the Virginia-class submarine program and worked in various leadership roles at General Dynamics before becoming president of NASSCO in 2017. Carver joined NASSCO in 1987 and has served in his current position since 2014, where he has been responsible for production, engineering, purchasing, subcontracts administration, contracting and estimating of repair activities. Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $36.2 billion in revenue in 2018. More information about the company is available at www.generaldynamics.com. |
Electric Boat Breaks Ground on Construction Facility for New Class of Ballistic Missile Submarines
GROTON, Conn. (September 13, 2019) - Electric Boat employees joined state, local and federal officials today at the company's Groton Shipyard to mark the groundbreaking of a new facility dedicated to construction of the Columbia class of submarines. "This expansion will be the largest construction project to take place at EB's Groton shipyard in more than 45 years," said Jeffrey Geiger, President, General Dynamics Electric Boat. "The facility we break ground on today will enable Electric Boat to deliver the U.S. Navy's number-one acquisition priority—the Columbia class—our nation's next-generation fleet of ballistic missile submarines." The South Yard Assembly Building (SYAB), a 200,000 square-foot building, will eventually be home to 1,400 skilled shipbuilders who will deliver the Columbia class to the U.S. Navy. The SYAB is the centerpiece of an $850 million expansion at the company's Groton Shipyard. The company will also expand and update other manufacturing spaces and build a floating dry dock to launch Columbia submarines. AECOM of Los Angeles, California is the construction manager for the project. Gilbane Building Company of Providence, Rhode Island is the project manager and Jacobs Engineering Group of Dallas, Texas is the design firm. In total, General Dynamics Electric Boat will invest more than $1.7 billion to modernize and upgrade its facilities over the next decade. In addition to the facilities in Groton, the company is investing $700 million at its location in Quonset Point, Rhode Island. Earlier this week, the company announced that it had completed construction of a facility at Quonset Point to support construction of a payload module to expand length, capability and capacity of Virginia class fast-attack submarines. The investments in facilities are part of a broad company effort to respond to the expanded needs of the Navy. The company has hired about 14,000 new employees in the last eight years, and has made sizable investments in onboarding and training these employees who design, build and test the world's most capable submarines. Electric Boat has worked with its national network of suppliers to prepare for the 2.5 times increase in need for supplies and materials to concurrently build the Columbia and Virginia classes. General Dynamics Electric Boat has a workforce of more than 17,000 employees at its three primary locations in Groton and New London, Connecticut, and Quonset Point, Rhode Island. General Dynamics Electric Boat is a business unit of General Dynamics (NYSE: GD). Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $36.2 billion in revenue in 2018. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com. |
General Dynamics Electric Boat Completes First Building in $1.7 Billion Expansion
QUONSET POINT, Rhode Island (September 11, 2019) - General Dynamics Electric Boat today announced that it has completed construction of the Virginia Payload Module (VPM) Special Fixture building, a 30,000 square-foot, $28 million facility at the company's Quonset Point location which will support construction of the nation's newest attack submarines. Additionally, the company will break ground Friday on a 200,000 square foot building in Groton, Connecticut, that will be used to construct Columbia-class ballistic missile submarines. The VPM building is part of a $700 million investment General Dynamics announced last year to increase by 13 acres hull-outfitting space for the Virginia- and Columbia-class submarines at Quonset Point. When complete, the entire complex will add 575,000 square feet to the Rhode Island campus, representing one of the largest construction projects undertaken in the state in recent years. About 600 jobs will be created to support the construction of these new facilities. "The new VPM facility will be dedicated to the construction of a module which will add capacity and capability to Virginia class fast attack submarines," said General Dynamics Electric Boat president Jeffrey Geiger. "We continue to make investments that will support the growing needs of the Navy." On September 13, General Dynamics Electric Boat will break ground on a new 200,000 square foot facility at its shipyard in Groton, Connecticut, for the final assembly and test of Columbia-class ballistic missile submarines. Equivalent in size to three and a half football fields, the South Yard Assembly Building will support the work of 1,400 skilled tradespeople who will deliver Columbia-class submarines to the U.S. Navy. It is the centerpiece of General Dynamics' $850 million investment at Groton to expand and update manufacturing spaces and build a floating dry dock to launch Columbia submarines. The company is also making investments in transportation equipment. In total, General Dynamics is investing $1.7 billion to expand and modernize its infrastructure to support construction of the world's most advanced submarines. In addition to infrastructure investments, the company has hired 14,000 new employees in the last eight years and has made sizable investments in training employees, who design, build and test the world's most capable submarines. Electric Boat is also working with its national network of suppliers to prepare for the 250 percent increase in supplies and materials required to concurrently build the Columbia and Virginia class. General Dynamics Electric Boat has a workforce of more than 17,000 employees at its three primary locations in Groton and New London, Connecticut.; and Quonset Point, Rhode Island. General Dynamics Electric Boat is a business unit of General Dynamics (NYSE: GD). Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $36.2 billion in revenue in 2018. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com. |
General Dynamics Awarded $174 Million Contract for Submarine Work GROTON, Conn. (July 11, 2019) - The U.S. Navy today awarded General Dynamics Electric Boat a $174 million contract for nuclear-submarine work. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the terms of the contract, Electric Boat will provide design agent, planning yard, and engineering services, as well as technical support for active nuclear submarines and submersible systems. The contract could be worth more than $1 billion over five years if all options are exercised and funded. Seventy percent of the work will be performed at Groton; 13 percent at Kings Bay, Ga.; 10 percent at Bangor, Wash.; 3 percent at Pearl Harbor, Hawaii; and 2 percent at Newport and Quonset Point, R.I. Work performed under this contract is expected to be completed by September 2023. General Dynamics Electric Boat has established standards of excellence in the design, construction and lifecycle support of U.S. Navy submarines. In its position as an industry leader, Electric Boat remains committed to applying its technical and business expertise to effectively manage the challenges of nuclear-submarine production. The company's three primary locations are in Groton and New London, Conn.; and Quonset Point, R.I. Its current workforce is approximately 17,000 employees. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com. |
Statement of Electric Boat President Jeff Geiger on US Navy Award of Columbia-class Ballistic Missile Submarine Contract GROTON, Conn. (May 20, 2019) - General Dynamics Electric Boat president Jeff Geiger issued the following statement about a US Navy contract award announced today. "The contract announced by the Navy today will support submarine industrial base development and expansion in support of Columbia Class Ballistic Missile Submarines and the nuclear shipbuilding enterprise. It will allow Electric Boat to continue to prepare our suppliers for the increased demand for material and services to support the Columbia and Virginia classes. The submarine industrial base, comprised of more than 5,000 businesses across the United States, will need to expand its output by 250% in the period of peak production to meet the increased demand of the Navy. Our established standards of excellence in the design, construction and life cycle support of U.S. Navy submarines have made Electric Boat the industry leader. We remain committed to applying our technical strengths and business expertise to effectively manage the challenges of nuclear-submarine production." Background informationThe Navy announced today that General Dynamics Electric Boat has been awarded a contract modification for $497 million to support submarine industrial base development and expansion in support of Columbia Class Ballistic Missile Submarines and the Nuclear Shipbuilding enterprise. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Electric Boat is the prime contractor on the design and build of the 12 ships of the Columbia class, which will replace the aging Ohio class of ballistic missile submarines. About 80 percent of the work will be performed by Electric Boat, with about 20 percent being sub-contracted to Newport News Shipbuilding. Both shipbuilders will manage numerous vendors and suppliers to do this work. Early construction began in 2017 at the company's facility in Quonset Point, Rhode Island. Final assembly and test of the Columbia class will take place starting in 2024 at Electric Boat's shipyard in Groton. General Dynamics is investing $1.8 billion in capital expenditures to construct and expand its facilities to support the construction of the Columbia class, the world's most advanced strategic missile submarines. The company's three primary locations are in Groton and New London, Conn.; and Quonset Point, R.I. Its current workforce is approximately 17,000 employees. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com. |
Electric Boat awarded $2 Billion for Virginia-Class Submarine Material GROTON, Conn. (March 20, 2019) - The U.S. Navy has awarded General Dynamics Electric Boat a $2 billion contract modification for long lead time material to support construction of Block V Virginia-class submarines. The award modifies a contract awarded in 2017 that provides funding for long lead time material for steam and electrical plant components, main propulsion unit and ship service turbine generator efforts and miscellaneous hull, mechanical and electrical system components. This modification brings the overall contract value to approximately $3.2 billion. "This award allows Electric Boat and the submarine industrial base to continue to make preparations for construction of Block V, which will bring additional payload capacity to the Navy. Our team will continue to produce the world's most technologically advanced submarines, safely and efficiently," said Electric Boat President Jeffrey S. Geiger. Block V submarines will include the Virginia Payload Module (VPM), an added section of the ship containing four large-diameter payload tubes. Extending the hull by 84 feet, the VPM will boost the submarine's strike capabilities. More information about Electric Boat is available at www.gdeb.com. For more information about General Dynamics, please visit www.generaldynamics.com. |