General Dynamics Subsidiary Secures $95 Million Navy Submarine Contract

LootboxPhobia · 2026-03-26T03:45:48+00:00

The U.S. Department of Defense announced that General Dynamics Electric Boat Company received a $95 million contract modification to provide submarine support services, with the project expected to be completed by 2026. Work will primarily be conducted in Connecticut. Funding sources include multiple projects including research and development and operations and maintenance.

LootboxPhobia

2026-03-26 03:45:48

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Investing.com — The U.S. Department of Defense announced on Wednesday that General Dynamics Electric Boat Corp. has been awarded a $95 million contract modification for submarine support services.

This department, based in Groton, Connecticut, will provide engineering, technical, design agency, and planning yard support for active strategic and attack submarines under the cost-plus-fixed-fee contract N00024-24-C-2124.

Work will be performed at multiple locations, with 70% in Groton, Connecticut; 13% in Kings Bay, Georgia; 10% in Bangor, Washington; 3% in Pearl Harbor, Hawaii; 2% in North Kingstown, Rhode Island; and 2% in Newport, Rhode Island. The project is scheduled to be completed by June 2026.

The Navy allocated $4,818,962 for the contract, funded by Fiscal Year 2026 research, development, testing, and evaluation funds ($2,600,000, 54%), FY2026 operations and maintenance funds ($1,793,786, 37%), and FY2024 other procurement funds ($425,176, 9%). Of the total amount, $2,218,962 will expire at the end of this fiscal year.

The Naval Sea Systems Command in Washington, D.C., serves as the contracting activity. The contract was awarded on Monday.

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