General Dynamics subsidiary wins $1B Navy contract

A Connecticut-based subsidiary of Reston-headquartered Fortune 500 contractor General Dynamics was recently awarded a $1 billion contract modification from the U.S. Navy to purchase long lead time materials for Virginia-class Block VI submarines.

The subsidiary, General Dynamics Electric Boat, announced the award on Tuesday. The company designs, builds, repairs and modernizes nuclear submarines for the Navy.

“This contract modification drives continuation of the crucial demand signal that the submarine industrial base needs to invest in the capacity and materials required to increase production volume,” Mark Rayha, president of General Dynamics Electric Boat, said in a statement. “Consistent funding for the supply base is essential to achieve the high-rate production the Navy requires of the entire submarine enterprise.”

Electric Boat is the prime contractor and lead design yard for the Virginia class and constructs them in a teaming arrangement with HII’s Newport News Shipbuilding in Virginia. The company says Virginia-class submarines are designed from the keel up to meet the full range of 21st-century mission requirements, including anti-submarine and surface ship warfare and special operations support.

According to the Department of Defense award announcement, work will be performed at various locations across the country, including California, New Jersey, Pennsylvania, Illinois, New Hampshire, South Carolina, Connecticut, Minnesota, Arizona, Massachusetts, Wisconsin and New York.

The project is expected to be completed by September 2035. Naval Sea Systems Command, Washington, D.C., is the contracting activity.

General Dynamics Electric Boat employs more than 24,000 people. General Dynamics employs more than 110,000 people worldwide and generated $47.7 billion in 2024 revenue.