Electric Boat awarded $4.6B for submarine programs

GENERAL DYNAMICS Electric Boat has landed three contracts from the U.S. Navy totaling $4.6 billion.
Posted 1/7/13

GROTON, Conn. – General Dynamics Electric Boat was awarded three contracts totaling $4.6 billion from the U.S. Navy to design and develop the next-generation strategic-deterrent submarine, and to continue the construction of Virginia-class attack submarines.

Under a five-year, $1.85 billion Ohio Replacement Program Contract, EB will research and develop a new class of ballistic-missile submarines, which are scheduled for a 2021 construction start.

Electric Boat will continue the development of the joint U.S. Navy, Royal Navy Common Missile Compartment for Ohio Replacement submarines and U.K. Successor-class ballistic-missile subs. The potential value of this contract is $1.995 billion, according to a General Dynamics release.

Under a $2.5 billion award, Electric Boat will build two Virginia-class submarines, the South Dakota and the Delaware, the 17th and 18th ships of the class. Construction of the subs is shared between Electric Boat and Newport News Shipbuilding.

Under the third award, Electric Boat will receive $308 million to purchase long lead-time materials for the as-yet unnamed Virginia-class submarines SSN-792, SSN-793 and SSN-794.

“These awards provide the stability to the submarine industrial base that will allow us to achieve even greater cost reduction through improved efficiencies in support of the Navy's submarine force-level requirements,” Electric Boat President Kevin J. Poitras said in prepared remarks.

“We appreciate the support of the Connecticut and Rhode Island congressional delegations, which are instrumental in educating their colleagues and others about the vital national-security need for a strong submarine force, helping to pave the way for these contracts,” Poitras said.

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