Electric Boat awarded $1.3 billion contract modification
7 Aug 2024
Military
Electric Boat has announced it’s been awarded a $1.3 billion modification to a previously awarded U.S. Department of Defense contract to purchase long lead time materials for Virginia-class submarines.
“This contract modification sends a crucial demand signal, enabling our suppliers to invest in the capacity and materials needed to increase production volume,” Kevin Graney, EB’s president, said in a statement. “Consistent funding for the supply base is essential to achieve the high-rate production the Navy requires of the entire submarine enterprise.”
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