Navy awards EB $520 million to build attack subs

Groton -- The U.S. Navy has awarded Electric Boat $520 million to buy parts with long lead times for two Virginia-class submarines in fiscal 2015 and in fiscal 2016.

With this modification, the contract has a value of $1.2 billion. It was awarded initially in April 2012.

According to EB's parent company, General Dynamics, the contract supports the submarine industrial base in Connecticut, California, Pennsylvania, New Jersey, Virginia, Arizona, New York, New Hampshire, Wisconsin, Illinois, Massachusetts and other states.

EB will buy steam and electrical-plant components, main propulsion unit and ship-service turbine generator sets, and miscellaneous hull, mechanical and electrical-systems components to support construction of the submarines, SSN-794, SSN-795, SSN-796 and SSN-797.


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