Jan. 4, 2013
/PRNewswire/ -- General Dynamics Electric Boat was recently awarded three U.S. Navy contracts totaling
to design and develop the next-generation strategic deterrent submarine, and to continue construction and purchasing of materials for Virginia-class attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under a five-year,
Ohio Replacement Program contract, Electric Boat will perform research and development work for this new class of ballistic-missile submarine, which is scheduled for a 2021 construction start. Additionally, Electric Boat will continue development of the joint U.S. Navy / Royal Navy Common Missile Compartment for Ohio Replacement submarines and the UK Successor-class ballistic-missile submarine. The potential value of this contract is
Electric Boat also received a
award to build two Virginia-class submarines –
(SSN-791) – the 17
ships of the class. Construction of Virginia-class submarines is shared between Electric Boat, the prime contractor, and its teammate, Newport News Shipbuilding.
Under the third award, Electric Boat will receive
to purchase long lead-time materials for the as-yet unnamed Virginia-class submarines SSN-792, SSN-793 and SSN-794.
"These awards provide the stability to the submarine industrial base that will allow us to achieve even greater cost reduction through improved efficiencies in support of the Navy's submarine force-level requirements," said Electric Boat President
Kevin J. Poitras
"We appreciate the support of the
congressional delegations, which are instrumental in educating their colleagues and others about the vital national-security need for a strong submarine force, helping to pave the way for these contracts," Poitras said.
More information about General Dynamics is available on the Internet at
SOURCE General Dynamics Electric Boat