Navy Awards Electric Boat $5.1B Contract Modification
The U.S. Navy has awarded General Dynamics Electric Boat a $5.1 billion modification of the Columbia class submarine contract.
The contract modification helps the Groton-based submarine manufacturer maintain the production and delivery schedule of the integrated product and process development.
“Advance procurement of long lead time materials and component construction is critical to the program,” Electric Boat president Kevin Graney said.
“The strategic investments in the development and expansion of the submarine industrial base will help stabilize and grow the supply chain, which increases manufacturing capacity, reduces risk, and ultimately drives timely delivery of submarines to the Navy.”
The Columbia class represents the largest submarines built in the U.S., with work carried out in Electric Boat facilities in Groton, Rhode Island, and Virginia.
The funding will advance procurement and construction of critical components and materials to support the build of the next five shops in the class.
It also supports missile tube production, enhancements to develop the base, maintenance, and support.
The integrated product and process development will be completed by October 2023.
Electric Boat will deliver the lead ship to the Navy in 2027.
The contract is a number of major contracts the company has received in recent years.
As it adds to its line of products, Graney told attendees at CBIA’s 2022 Economic Summit + Outlook that the company will continue to ramp up its hiring and workforce development efforts in the area.
The company has also been working on a strategic sourcing initiative to bring new companies into its supply chain.
Over the past five years, Electric Boat has awarded over $1.1 billion in contracts to more than 350 companies in its Connecticut supply chain.
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