US Navy Awards $71.6 Billion Contract For 14 Nuclear Submarines In Major Shipbuilding Deal
General Dynamics Electric Boat has received contracts worth $71.6 billion from the U.S. Navy to build 14 additional nuclear-powered submarines, including five Columbia-class submarines and nine Virginia-class submarines.
The contracts are part of a $76.6 billion U.S. Navy award announced recently. The deal includes $29.5 billion for five additional Columbia-class submarines, $42.1 billion for nine additional Virginia-class submarines, and additional support for shipyard infrastructure.
Electric Boat, a business unit of General Dynamics, designs, builds, repairs and modernises nuclear submarines for the U.S. Navy. The company said the latest contract…