The U.S. Navy has awarded two contracts in the past month to General Dynamics Corp.’s Electric Boat business, totaling more that $545 million, and much more if all the contracts’ options are fulfilled. Electric Boat, which is headquartered in Groton, Conn., has been supplying submarines to the U.S. Navy for more than a century, and currently supports four different “classes” of submersible vessels, including ballistic and guided missile submarines, fast attack, and attack submarines (two classes.)
The first new contact reported was estimated at $234 million to provide planning yard work, engineering and technical support for nuclear submarines, including providing design, engineering, material and logistics support, and research and development activities for active U.S. submarines and submersibles. Also, Electric Boat will provide information services, planning, scheduling and technical support for submarine maintenance and modernization activities, training, and facility support.
According to General Dynamics, this contract has a total potential value of $1.5 billion over five years if all options are exercised.
The second contract is similar in scope, but estimated by General Dynamics Electric Boat at $311 million, with total potential value of $1.5 billion over five years if all options are exercised. The contractor said this award also would involve planning yard work, engineering and technical support for nuclear submarines.
Both contracts are expected to engage Electric Boat’s engineering and design organization, over 4,000 in all, covering the submarine lifecycle from concept and design through construction, maintenance and modernization, and eventually to inactivation and disposal.
