Navy modifies contract with General Dynamics for R&D work on submarines
NewsAugust 18, 2017
GROTON, Conn. Officials at General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, received a contract modification by the U.S. Navy to provide research and development and lead-yard services. The contract is worth an estimated $115.3 million.
Under the contract modification, Electric Boat will undertake development studies and other work related to Virginia-class submarine design improvements. Additionally, Electric Boat will perform research and development work required to evaluate new technologies to be inserted in newly built Virginia-class ships, including the Virginia Payload Module.
The contract was initially awarded in 2016 and has a potential value of $431 million.
