General Dynamics subsidiary wins $482M contract modification
General Dynamics Electric Boat Corp. to provide lead yard support for the Navy
A subsidiary of Reston-based Fortune 100 contractor General Dynamics Corp. won a $482 million modification for a previously awarded U.S. Navy contract, the Department of Defense announced Friday.
Under the cost-plus-fixed-fee modification from Naval Sea Systems Command, Groton, Connecticut-based General Dynamics Electric Boat Corp. will continue to provide lead yard support, as well as development studies and design efforts related to Virginia-class submarines, nuclear-powered attack submarines.
Work will be performed in Newport News, Groton, Newport, Rhode Island, and Quonset, Rhode Island, and is expected to be completed by October 2022.
General Dynamics employs 100,000 people worldwide and reported $39.4 billion in 2019 revenue.