General Dynamics Lands $1.85 Billion Pentagon Deal - General Dynamics (NYSE:GD)

General Dynamics Lands $1.85 Billion Pentagon Deal - General Dynamics (NYSE:GD)

General Dynamics Corporation (NYSE:GD) announced on Wednesday that its subsidiary General Dynamics Electric Boat has secured a $1.85 billion contract adjustment from the U.S. Department of Defense to bolster submarine production efforts. This contract modification, revealed in the Pentagon’s June 26 announcement, will fund long-lead materials and initial construction activities for Virginia-class submarines. The funding will support the purchase…

General Dynamics Bags $1.85 Bln Contract Modification Related To ...

GDEB wins $1.85bn US Navy submarine contract modification

General Dynamics Electric Boat (GDEB) has received a $1.85bn contract modification for the procurement of long lead time materialsThe post GDEB wins $1.85bn US Navy submarine contract modification appeared first on Naval Technology.

U.S. Navy Awards General Dynamics Electric Boat $1.85 Billion Contract

In late June 2025, the U.S. Navy announced a $1.85 billion contract modification to General Dynamics Electric Boat to kick off production of the next-generation Virginia-class attack submarines. This undefinitized contract action, announced June 27, covers long-lead-material procurement and preliminary construction for the Virginia-class Block VI program. Work will span many states and extend through September 2035. Naval Sea Systems Command obl…

General Dynamics Electric Boat secures $1.85 billion contract for Virginia-class submarine

The contract modification pertains specifically to the Virginia-class submarines, a key component of the U.S. Navy’s undersea fleet. It enables the purchase of critical materials and components that require extended manufacturing and delivery timelines. “This contract modification allows for the acquisition of critical material and components for Virginia-class submarines that require substantial lead time to manufacture and deliver,” said Mark …