DEFENSE & INDUSTRY | The U.S. Department of Defense has awarded General Dynamics (NYSE:GD) Electric Boat Corp. a significant contract modification valued at $322.6 million to provide critical support services for the nation’s submarine fleet.
The announcement confirms that the cost-plus-fixed-fee modification to a previously awarded contract will fund essential engineering, technical, design agent, and planning yard support for both strategic and attack submarines currently in operation. This investment underscores the Navy’s ongoing commitment to maintaining the readiness and technological superiority of its underwater assets.
The majority of the work, approximately 70%, will be performed at the company’s primary facility in Groton, Connecticut, reinforcing the region’s role as a hub for naval manufacturing and support. The contract will also distribute work across several other key naval locations, including:
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Kings Bay, Georgia (13%)
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Bangor, Washington (10%)
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Pearl Harbor, Hawaii (3%)
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North Kingston and Newport, Rhode Island (2% each)
The project is scheduled to run through the next fiscal year, with an expected completion date of September 2025.
Funding for the contract will be drawn from multiple U.S. Navy sources. The largest portion, $16.5 million (53%), will come from fiscal 2025 other procurement funds. An additional $14.3 million (46%) is allocated from operations and maintenance funds, while $367,000 (1%) will be provided by research, development, test, and evaluation funds.
The Naval Sea Systems Command, headquartered in Washington, D.C., is the official contracting activity managing this award.
