The Department of the Navy notified U.S. Senator Jack Reed that it will sign a multiyear contract for the procurement of five Virgina classsubmarines. Electric Boat (EB) will produce the submarines for the Navy.
The multi-year, $8.4 billion contract for advance procurement of the submarines will make the subs less expensive to produce, saving the federal government millions of dollars and guaranteeing workforce stability. EB employs about 8,500 people in Quonset, Rhode island and Groton.
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Congress gave approval for the Navy to negotiate the contract in the FY2004 Defense Authorization Act.
“This is important news for Rhode Island’s economy. Electric Boat ‘s shipbuilding yard could be the busiest it’s been in years,” said Reed, who fought for the multi-year contract as a member of the Senate Armed Services Committee. “Today’s attack submarines are unseen, undetected and powerfully lethal, making them a critical component for our national defense system.”
The Virginia class submarine serve in a variety of capacities, with special emphasis on intelligence gathering and special operations.
