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U.S. Navy inks $22.2 billion contract with Electric Boat for new submarines

Christian Fernsby ▼ | December 3, 2019
The U.S. Navy has signed a $22.2 billion contract with Electric Boat, a wholly owned subsidiary of General Dynamics, to build at least nine Virginia-class attack submarines over the next five years.
U.S. Navy submarine
American defense   The contract includes the option to buy a 10th submarine
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.

Topics: U.S. Navy Electric Boat submarines

The submarines will join the Navy's fleet starting in 2025 through 2029.

The new Virginia submarines will involve more work and cost more than previous versions.

An 85-foot section will be added to the submarines to enable them to store more weapons, deliver special operations forces and other uses.

That will add $500 million to the construction cost, bringing the total price per submarine to $3.2 billion.