General Dynamics Electric Boat awarded $12.2 billion contract to boost shipbuilder pay and build two new submarines
New England Council member General Dynamics Electric Boat, has been awarded by the U.S. Navy over $12.4 billion in contract modifications for the construction of two new Virginia-class submarines. Authorized first in the fiscal 2024 defense budget, the award will not only help General Dynamics Electric Boat design, build, and repair the nuclear submarines, but it will also be directly invested in improvements to the Groton shipyard to help boost workforce support programs and productivity.
“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-CT), Ranking Member of the House Seapower and Projection Forces Subcommittee, also stated support for the new contract award, calling it a “welcomed development for our effort to hire and retain a highly-skilled shipyard workforce in southern New England.”
The New England Council congratulates General Dynamics on receiving this investment towards its submarine supply chain.
Read more via Hartford Business and General Dynamics.