
The Navy on Wednesday awarded Virginia-class attack submarine (SSN) builders General Dynamics' Electric Boat [GD] and HII Newport News Shipbuilding (NNS) [HII] at least $14 billion to build two SSNs and for shipyard productivity support. The funds are divided between $12.4 billion for Electric Boat, the prime contractor for submarines, and $1.3 billion for HII. If all options are exercised, GD would end up getting over $17 billion, but the DoD contract announcement noted these awarded amounts include $2 billion…