$22B Navy Contract Highlights Why GD’s Electric Boat Is One Of The Most Valuable Franchises In U.S. Defense
9 Dec 2019
Maritime Industry
This week’s announcement that the Electric Boat unit of General Dynamics will receive the biggest shipbuilding contract in Navy history underscores the unique role that “EB” (as it is often called) plays in U.S. defense. The contract provides $22 billion for construction of nine Virginia-class attack submarines, an amount that could increase to $24 billion if the Navy exercises the option for a tenth sub.
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