General Dynamics Electric Boat awarded $517 million for Virginia-class submarine parts

GROTON, Conn., Sept. 19, 2023 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it was awarded a $517.2 million delivery order against a previously issued basic ordering agreement for procurement and delivery of initial Virginia-class attack submarine spare parts to support maintenance availabilities. Work will be performed in Groton and Pawcatuck, Connecticut.

"The shipbuilders of Electric Boat are proud to continue our role providing lifecycle maintenance support to the U.S. Navy's operational submarine fleet in keeping with our mission to provide sailors with the advantage that helps protect our nation," said Kevin Graney, president of General Dynamics Electric Boat.

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, the company employs approximately 21,000 people. More information about General Dynamics Electric Boat is available at gdeb.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2022. More information about General Dynamics is available at www.gd.com.

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SOURCE General Dynamics