Virginia-Class SSN Team Awarded $12 Billion Contract Modification for Two Submarines

GROTON, Conn., and NEWPORT NEWS, Va.– General Dynamics Electric Boat, a business unit of General Dynamics, announced today it has been awarded a total of $12.4 billion in contract modifications for construction of two fiscal year 2024 Virginia-class Block V attack submarines (SSNs), the 11th and 12th of the block.  

Electric Boat is teamed with HII, whose Newport News Shipbuilding division is teamed to build the Virgina class. 

“Additionally, the award funds investments to improve productivity at the shipyards and workforce support as detailed in the Department of Defense contract award announcement (https://www.defense.gov/News/Contracts/Contract/Article/4170827/). This contract includes options which, if exercised, would bring the cumulative value to $17.2 billion,” the April 30 General Dynamics release said.  

“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.” 

“We appreciate the teamwork that resulted in these critical national security assets being put under contract,” said Jason Ward, NNS vice president of submarine construction, in an April 30 release from HII. “We understand the advantage Virginia-class submarines bring to the sailors who operate them, and our shipbuilders are working with diligence to deliver them to the fleet.” 

Virginia-class submarines are designed from the keel up for the full range of 21st-century mission requirements, including anti-submarine and surface ship warfare and special operations support. General Dynamics Electric Boat is the prime contractor and lead design yard for the Virginia-class submarine series and constructs them in a teaming arrangement with HII’s Newport News Shipbuilding in Virginia. 

NNS and GDEB have built and delivered 24 Virginia-class submarines to date.