Navy inks $22.2 billion contract with Electric Boat for at least nine new submarines

4 Dec 2019

Maritime Industry

The Navy has signed a $22.2 billion contract with Electric Boat to build at least nine Virginia-class attack submarines over the next five years.

The contract includes the option to buy a 10th submarine, but that purchase is contingent on a six-month review of submarine production at EB and Newport News Shipbuilding, which together build two Virginia-class submarines per year.

With construction starting soon on a new class of ballistic missile submarines, a top priority for the Navy given these submarines will be armed with nuclear weapons, the Navy wants to ensure that EB, Newport News and their suppliers can handle that amount of work especially since the Virginia program has faced delays due to welding issues and materials not being delivered on time.

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