:

Navy/USMC

Over One Week The Navy Awards GD Electric Boat Nearly $2 Billion In SSN Submarine Contracts

Wednesday, October 9th, 2024

SHARE:

Over One Week The Navy Awards GD Electric Boat Nearly $2 Billion In SSN Submarine Contracts

The U.S. Navy’s 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 awarded General Dynamics’ Electric Boat [GD] nearly $2 billion in four contracts related to Virginia-class attack submarine (SSN) industrial base support over the past week as the service seeks to improve boat production rates. On Oct. 4 the Navy awarded Electric Boat two contracts worth over $620 million total. One was a modification worth $377 million to cover “lead yard support, and development studies and design efforts related to Virginia Class submarines.” The work is expected to be…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]