The U.S. Navy awarded General Dynamics Electric Boat a $1.3 billion contract modification that provides funding for the construction of the ninth Virginia-class submarine (SSN-782) and advance procurement for the 10th ship of the class. Electric Boat is a wholly owned subsidiary of General Dynamics .
The award modifies an August 2003 contract for the construction of six Virginia-class submarines at a rate of one per year from FY 03 through FY 08; the total value of the contract is $8.4 billion. In all, Electric Boat and its construction teammate, Northrop Grumman, have received contracts to build 10 ships of the class.
The contract modification provides $1.1 billion for construction of SSN-782; and $175.2 million in advance procurement for SSN-783.
Navy Awards General Dynamics $51 Million For Sub Maintenance and Modernization Work
On Dec. 28, 2006, the U.S. Navy awarded General Dynamics Electric Boat a $50.7 million contract to perform routine maintenance and modernization work on the USS Albany (SSN-753), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.
Under the terms of the contract, Electric Boat will perform a Dry Dock Selected Restricted Availability, which consists of repairs, maintenance work, alterations and several major systems upgrades. The work will take place at the Norfolk Naval Shipyard between Jan. 9 and May 30 and involve about 350 employees at its peak.
