General Dynamics Electric Boat wins $101.3 million modification on submarine contract
The company, a wholly owned General Dynamics subsidiary, is working to create a missile compartment that can be fitted on the Navy’s Ohio replacement submarine as well as the United Kingdom’s Successor-class ballistic-missile submarine.
The contract modification will allow General Dynamics Electric Boat to procure 22 missile tubes in line with its delivery of the common missile compartment. The company’s full contract with the Navy is a five-year $1.85 billion contract signed in December 2012, through which Electric Boat is responsible for the research and development of the Navy’s next-generation ballistic-missile submarine. The contract bears a potential value of $2.5 billion.
Electric Boat expects submarine construction to begin in 2021.