General Dynamics Awarded $148 Million for Virginia-class Design and Development work

GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $148 million contract modification to continue Virginia-class submarine (VCS) lead-yard services and related engineering efforts. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).--

Under the terms of the modification, Electric Boat will maintain, update and support design drawings and data for each Virginia-class submarine, including technology insertion, during the construction and post-shakedown availability period. Additionally, Electric Boat will provide all engineering and related lead-yard services necessary for maintenance and support of VCS ship specifications.