The U.S. Department of Defense has awarded General Dynamics Electric Boat a $1 billion contract modification for long lead time materials to support Virginia-class submarines.
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| General Dynamics Electric Boat has been awarded a $1 billion contract to secure materials for Virginia-class Block VI submarines, aiding the U.S. Navy’s production efforts. Image: GDEB/ CH |
Groton, USA — March 26, 2025:
General Dynamics Electric Boat has been awarded a $1 billion contract modification by the U.S. Department of Defense to procure long lead time materials essential for the Virginia-class Block VI submarines. This modification ensures a steady supply of materials, which is critical for maintaining the production schedule of the U.S. Navy’s next-generation submarines.
Mark Rayha, president of General Dynamics Electric Boat, highlighted the importance of this contract in reinforcing the submarine industrial base, enabling suppliers to ramp up production capacity and secure the necessary materials to meet the Navy's high-rate production demands. He emphasized that consistent and reliable funding is crucial to meet the Navy’s requirements for its submarine fleet.
The Virginia-class submarines are designed to address a broad range of 21st-century mission needs, including anti-submarine warfare, surface ship warfare, and special operations support. General Dynamics Electric Boat is the prime contractor and lead design yard for the Virginia-class program, working in partnership with HII’s Newport News Shipbuilding to construct these state-of-the-art submarines.
Headquartered in Groton, Connecticut, General Dynamics Electric Boat specializes in the design, construction, repair, and modernization of nuclear submarines for the U.S. Navy. The company employs over 24,000 people, contributing significantly to the defense and aerospace sectors. General Dynamics, its parent company based in Reston, Virginia, operates globally with more than 110,000 employees and generated $47.7 billion in revenue in 2024.