Government Contracts Navy Awards $2.4 Billion Modification to Submarine Contract
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Thursday, April 8, 2021

Navy Awards $2.4 Billion Modification to Submarine Contract

By Government Contracts Editorial Staff

General Dynamics Electric Boat Corp., Groton, Connecticut, is awarded a $2,417,500,565 fixed-price incentive modification to previously awarded contract to exercise an option for the construction of one Block V Virginia-class submarine with Virginia Payload Module. Electric Boat Corp. will continue to subcontract with Huntington Ingalls Industries – Newport News Shipbuilding. Work will be performed in Newport News, Virginia (34%); Quonset Point, Rhode Island (14%); Sunnyvale, California (7%); Groton, Connecticut (7%); Annapolis, Maryland (1%); Norfolk, Virginia (1%); Tucson, Arizona (1%); and Bethlehem, Pennsylvania (1%), with other efforts performed at various sites (each less than 1%) throughout the U.S. (33%) and other areas outside of the U.S. (1%). Work is expected to be complete by February 2030. Fiscal 2021 shipbuilding and conversion (Navy) funds in the amount of $2,139,601,847 (79%); fiscal 2020 shipbuilding and conversion (Navy) funds in the amount of $388,281,954 (14%); fiscal 2019 shipbuilding and conversion (Navy) funds in the amount of $174,049,792 (6%); and fiscal 2018 shipbuilding and conversion (Navy) funds in the amount of $18,844,873 (1%) will be obligated at time of award and will not expire at the end of the current fiscal year. These include funding for previously announced long lead time material and economic ordering quantity material. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

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