General Dynamics Awarded $126 Million for Continued Columbia-Class Submarine Development
The U.S Navy has awarded General Dynamics Electric Boat a $126.1 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 Successor-class ballistic-missile submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The contract modification includes funding for procurement of long-lead time material for missile tubes which will be integrated into both the Navy’s new SSBN and the Royal Navy’s Dreadnought-class strategic missile submarine.
Initially awarded in September 2017, the fourteen-year, $5.1 billion contract calls for Electric Boat to perform design and development work for the Navy’s next-generation ballistic-missile submarine, which is scheduled to begin construction in fall of 2020. The potential value of the overall contract is $6.1 billion.
More information about Electric Boat is available at www.gdeb.com. More information about General Dynamics is available at www.generaldynamics.com.
( Press Release Image: https://photos.webwire.com/prmedia/6/222184/222184-1.png )
WebWireID222184
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.