General Dynamics Awarded $78 Million U.S. Navy Contract

A subsidiary of defense contractor General Dynamics (NYSE: GD), will aid the United States Navy in building the Virginia-class submarine, SSN-792.

General Dynamics Electric Boat was awarded a $78 million contract to supply components including steam and electrical-plant parts, the main propulsion unit, the ship-service turbine generator set, as well as machinery for miscellaneous hull, mechanical and electrical-systems.  

The program is expected to save on ship production costs, including labor, while maintaining overall ship efficiency.

The Falls Church-based contractor's subsidiary is expected to begin work in 2014. General Dynamics Electric Boat is based in Groton, Connecticut.

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