Navy awards $9.5 billion, two-sub contract to Electric Boat

Wednesday, June 24, 2020

The Navy announced Monday it has awarded a $9.5 billion contract to build the first two of 12 planned ballistic missile submarines, known as the Columbia class program, to Electric Boat — work that will take place over the next decade.

The Navy also announced that $869 million will be awarded immediately for “continued design completion, engineering work, and submarine industrial base expansion efforts.” That plus the $9.5 billion construction contract represent a $10.3 billion modification to the $5.1 billion design contract awarded to EB, the prime contractor for the Columbia program, in 2017.

Click here for the full article 

Category: (none)