Electric Boat Awarded $251 Mln US Navy Contracts

The U.S. Navy has awarded Groton, Conn. submarine builder General Dynamics Electric Boat two contracts worth $251 million combined.

The first is a $215.7 million modification to a previously awarded contract, the cumulative value of which, if all options are exercised, could be more than $1 billion. Electric Boat will provide planning yard, design agent, engineering services and technical support for in-service submarines and submersible systems.

The second is a $35.3 million cost-plus-fixed-fee contract for reactor plant planning yard services for the submarine fleet and support yard services for the Navy’s moored training ships.

"The shipbuilders of Electric Boat are proud to be a partner to the U.S. Navy, and continue to execute our mission to provide our sailors with the advantage that helps protect our Navy and our nation," said Kevin Graney, President, General Dynamics Electric Boat. "We continue to work to hire, train and develop future generations of shipbuilders as we continue to deliver the Virginia class of fast attack submarines and move toward full-scale construction of the Columbia class of ballistic missile submarines."