Navy modifies General Dynamic's ballistic submarine contract
NewsSeptember 24, 2018
GROTON, Conn. U.S Navy officials modified an existing contract with General Dynamics Electric Boat -- a wholly owned subsidiary of General Dynamics -- to continue the development of the lead Columbia-class submarine. The contract modification is worth approximately $480.6 million.
The modification includes funding for advance procurement, advance construction, and long lead time material for Columbia (SSBN 826). Construction of the lead ship of the class is scheduled to begin in the fall of 2020. The Navy plans to build a fleet of 12 new SSBNs [ballistic missile submarines].
The contract was initially awarded in September 2017. "In close collaboration with the Navy and the submarine industrial base, Electric Boat will continue to lead key aspects of the Columbia-class development effort. This work includes design, material procurement, construction and operating-cost reduction. The entire Columbia-class team is committed to achieving an affordable and effective program. Our nation’s security depends on it," says Electric Boat President Jeffrey S. Geiger.
