Home›Procurement News›United States : General Dynamics Awarded $481 Million for Continued Development of U.S. Navys Next Ballistic-Missile Submarine
Procurement And Tender News
Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
United States : General Dynamics Awarded $481 Million for Continued Development of U.S. Navys Next Ballistic-Missile Submarine
Publish Date : 24-Sep-2018
The U.S. Navy has awarded General Dynamics Electric Boat a $480.6 million contract modification to continue the development of the lead Columbia-class submarine, the nations next-generation sea-based strategic deterrent. Electric Boat is a wholly owned subsidiary of General Dynamics.
The modification includes funding for advance procurement, advance construction and long lead time material for Columbia (SSBN 826). Construction of the lead ship of the class is scheduled to begin in the fall of 2020. The Navy plans to build a fleet of 12 new SSBNs.
Initially awarded in September 2017, the overall contract has a potential value of $6.1 billion.
In close collaboration with the Navy and the submarine industrial base, Electric Boat will continue to lead key aspects of the Columbia-class development effort. This work includes design, material procurement, construction and operating-cost reduction. The entire Columbia-class team is committed to achieving an affordable and effective program. Our nations security depends on it, said Electric Boat President Jeffrey S. Geiger.
General Dynamics Electric Boat has established standards of excellence in the design, construction and lifecycle support of U.S. Navy submarines. In its position as an industry leader, Electric Boat remains committed to applying its technical strengths and business expertise to effectively manage the challenges of nuclear-submarine production.
The companys three primary locations are in Groton and New London, Conn.; and Quonset Point, R.I. Its current workforce is approximately 16,800 employees.
