U.S. Navy Awards General Dynamics Electric Boat Contract for Construction of 14 Nuclear Submarines
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General Dynamics Electric Boat announced that the U.S. Navy has awarded it a contract package for the construction of 14 nuclear submarines, with a total contract value of $76.6 billion.
According to information released by the company, under this announced U.S. Navy contract framework, General Dynamics Electric Boat will receive $29.5 billion for the construction of five Columbia-class submarines, and an additional $42.1 billion for the construction of nine Virginia-class submarines. The contract also includes funding to support shipyard infrastructure construction.
General Dynamics Electric Boat serves as the prime contractor for the program. A portion of the construction work will be subcontracted to Newport News Shipbuilding, a division of Huntington Ingalls Industries.
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