General Dynamics business unit Electric Boat has been awarded contracts to build 14 submarines for the U.S. Navy, as part of a Navy award totaling $76.6 billion.
The contracts provide $29.5 billion for five additional Columbia-class submarines and $42.1 billion for nine additional Virginia-class submarines. They also include support for shipyard infrastructure.
Mark Rayha, president of General Dynamics Electric Boat, said the contract modifications give the company and its suppliers certainty about demand, enabling investment in capacity and workforce hiring. He said this would help ensure the submarines are delivered on schedule.
