U.S. Navy inks $22.2 billion contract with Electric Boat for new submarinesChristian 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.
American defense The contract includes the option to buy a 10th submarine
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. ■