Electric Boat gets over $12.4 billion in contract modifications for Virginia Class submarines

Virginia Class submarine.

Electric Boat facility in Groton, Conn.

BDMillan photo

Edited from a New England Council report

The U.S. Navy has awarded the Electric Boat division of General Dynamics over $12.4 billion in contract modifications to build two new Virginia-class submarines. Authorized first in the fiscal 2024 defense budget, the award will not only help Electric Boat design, build and repair the nuclear submarines, but it will also be invested in improvements to the Groton, Conn., shipyard to help boost workforce-support and productivity programs.

“Over the past two years, we successfully worked with the Navy, Congress and the administration to secure funds that enable us to increase wages for the nuclear-powered vessel workforce and allow for significant additional investments in capacity, shipyard processes and systems,” said Mark Rayha, president of General Dynamics Electric Boat. “This contract modification validates the unique and important role submarines and submarine shipbuilders play in our national defense.”

Congressman Joe Courtney (D.-Conn.), ranking member of the House Seapower and Projection Forces Subcommittee, called the award a “welcomed development for our effort to hire and retain a highly-skilled shipyard workforce in southern New England.”

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