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09:49 AM, March 13, 2018
GD Electric Boat Wins $696M Materials Contract For US Navy Virginia-class Submarines

The US Navy has awarded a $696 million worth contract to General Dynamics’ Electric Boat subsidiary to provide additional long lead time material associated with Virginia-class submarines, the Department of defense announced Monday.

“General Dynamics Electric Boat, Groton, Connecticut, is being awarded a $696,246,000 cost-plus-fixed-fee modification to previously awarded contract N00024-17-C-2100 for additional long lead time material associated with the fiscal 2019 Virginia-class submarines (SSNs 802 and 803); and the fiscal 2020 Virginia-class submarines (SSNs 804 and 805),” the statement says.

This contract provides long lead time material for steam and electric plant components; the main propulsion unit efforts and ship service turbine generator efforts; and miscellaneous hull, mechanical and electrical system components to support SSNs 802, 803, 804 and 805 ship construction commencing in fiscal 2019, it says.

Work is expected to be completed by January 2019. Fiscal 2018 shipbuilding and conversion (Navy) funding in the amount of $696,246,000 will be obligated at time of award and will not expire at the end of the current fiscal year, the statement added.

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