LATAM Airlines pilots in Chile to begin strike at midnight Wednesday
Investing.com -- General Dynamics has secured multiple U.S. Navy contracts worth approximately $698 million for submarine development and space defense systems.
General Dynamics Electric Boat Corp., based in Groton, Connecticut, received a $642.3 million cost-plus-fixed-fee modification to a previously awarded contract for Lead Yard Support and development studies related to Virginia class submarines.
The work will primarily be performed in Groton (94%), with additional operations in McLeansville, North Carolina (3%), Newport News, Virginia (2%), and Newport and Quonset, Rhode Island (1%). The project is expected to be completed by April 2026.
Funding for this contract comes from various Navy allocations, including fiscal 2021 shipbuilding and conversion funds ($41.6 million), fiscal 2024 shipbuilding and conversion funds ($31.2 million), and fiscal 2025 research, development, test and evaluation funds ($21.9 million).
In a separate award, General Dynamics Electric Boat received a $42.4 million cost-plus-fixed-fee modification for Virginia-class submarine unique parts and specialized material, including initial spares. This work will be performed in Groton and is scheduled for completion by March 2030.
Additionally, General Dynamics Mission Systems Inc., located in Scottsdale, Arizona, was awarded a $13.4 million contract modification for the proliferated warfighter space architecture, ground management and integration, and operation and sustainment efforts. This modification increases the total contract value to $1.17 billion from $1.15 billion.
The space architecture work will be conducted in Scottsdale, Arizona; Huntsville, Alabama; and Grand Forks, North Dakota, with completion expected by September 30, 2028.
The Naval Sea Systems Command in Washington, D.C., is the contracting activity for the submarine-related contracts, while the Space Development Agency in Washington, D.C., oversees the space architecture contract.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.