General Dynamics gets a multibillion-dollar Navy submarine deal

GENERAL DYNAMICS Electric Boat has reached a multi-year multibillion contract with the U.S. Navy to build nine new Virginia-class submarines, with an option to build a tenth submarine. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT
GENERAL DYNAMICS Electric Boat has reached a multi-year multibillion contract with the U.S. Navy to build nine new Virginia-class submarines, with an option to build a tenth submarine. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT
WASHINGTON – The U.S. Navy has reached an agreement with General Dynamics Corp. on a multibillion-dollar deal to buy the next batch of Virginia-class attack submarines, according to the service. After protracted negotiations, the deal was cut from 11 submarines to 9 because funding was running more than $1 billion short, with an option to…

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