General Dynamics Lands $1B Deal for US Navy Submarine Program

General Dynamics Electric Boat has received a $1.076 billion contract modification for the construction of two US Navy Virginia-class nuclear-powered fast-attack submarines.

The agreement supports US defense’s ongoing program to produce additional vessels for its Virginia-class cruise missile submarine fleet. 

Advanced procurement funds under the contract will be utilized to purchase materials and major equipment for the hulls of future SSN 812 and 813 submarines.

Work will be conducted at multiple US sites and is expected to be completed by September 2033.

“This contract modification sends a crucial demand signal to the submarine industrial base, enabling our suppliers to invest in the capacity and materials needed to increase production volume,” General Dynamics Electric Boat President Kevin Graney stated.

The Virginia-Class Submarine Program

The US Navy’s Virginia-class submarines are designed for 21st-century mission requirements.

Existing Virginia vessels are commonly deployed for surface ship and anti-submarine warfare as well as special operations support.

Since Block I production began, General Dynamics has been working simultaneously with Huntington Ingalls Industries to construct the underwater fleet.

This multi-year strategic procurement approach reduces costs while maintaining necessary features and continuously improves construction practices and design changes.

Last December, General Dynamics laid the keel for the US Navy’s 30th Virginia-class submarine, the USS Arizona (SSN 803).

USS Virginia (SSN 774)
USS Virginia (SSN 774). Photo: US Navy

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