2023-05-24 10:03:32 ET
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General Dynamics ( NYSE: GD ) said Wednesday its Electric Boat unit received a $1.076 billion contract modification from the U.S. Navy.
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As per the contract modification, the unit will provide long-lead-time material and advanced construction for Virginia-class fast-attack submarines.
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The contract modification will enable the unit to purchase materials and major components for hulls 812 and 813.
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The Electric Boat unit is presently under contract for the construction of submarines in Block V of the class.
For further details see:
GD Electric Boat lands $1.08B contract modification for submarines from U.S. Navy