General Dynamics Unit Awarded $12.4 Billion Contract Modification for Virginia-Class Submarines

MT Newswires Live

2025/05/01

General Dynamics (GD) unit General Dynamics Electric Boat said late Wednesday it won $12.4 billion in contract modifications to build two fiscal year 2024 Virginia-class submarines.

The contract also finances investments to improve productivity at the shipyards and workforce support.

The company said the contract includes options that would bring its cumulative value to $17.2 billion, if exercised.

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