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Business/Financial

Navy Awards GD $5 Billion To Complete Design Of New Ballistic Missile Sub

By Cal Biesecker

Thursday, September 21st, 2017

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Navy Awards GD $5 Billion To Complete Design Of New Ballistic Missile Sub

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The Navy on Thursday awarded the submarine building division of General Dynamics [GD] a $5.1 billion contract to complete design work on the Columbia-class ballistic missile submarines.The detailed design award, which includes $175.1 million in initial funding, is for the Integrated Product and Process Development and additional work, including “component and technology development, missile tube module and reactor compartment bulkhead prototyping and manufacturing efforts, and United Kingdom Strategic Weapons Support System kit manufacturing,” the Navy said last evening.“Working closely with…

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