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Navy/USMC

GD Electric Boat Nabs Another $642 Million Mod For SSN Design And Development

Rich Abott By
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GD Electric Boat Nabs Another $642 Million Mod For SSN Design And Development
One of the U.S. Navy’s newest attack submarine, the future USS Idaho (SSN 799), launched from General Dynamics Electric Boat’s shipyard into the Thames River, Aug. 6, 2024. (Photo: U.S. Navy)

The Navy on Friday awarded General Dynamics’ Electric Boat [GD] a $642 million cost-plus-fixed-fee modification to a previously awarded contract focused on lead yard support and development studies and design efforts for Virginia-class attack submarines (SSNs). Electric Boat is the prime contractor for SSNs but it splits production on each boat with subcontractor HII [HII] Newport News Shipbuilding and they take turns building the reactor and performing final assembly on the submarines. Under the latest award, 94 percent of the…

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