General Dynamics Electric Boat awarded $642 million for Virginia-class submarine work
General Dynamics (NYSE: GD) has secured a $642 million contract modification through its Electric Boat division for Virginia-class submarine work. The cost-plus-fixed-fee modification extends a previous contract (N00024-20-C-2120) focused on Lead Yard Support and Development Studies and Design efforts for the U.S. Navy's submarine fleet.
Electric Boat, headquartered in Groton, Connecticut, employs over 24,000 people and specializes in designing, building, repairing, and modernizing nuclear submarines. The parent company, General Dynamics, reported $47.7 billion in revenue for 2024 and maintains a global workforce exceeding 110,000 employees.
General Dynamics (NYSE: GD) ha ottenuto una modifica contrattuale da 642 milioni di dollari tramite la sua divisione Electric Boat per lavori sui sottomarini della classe Virginia. La modifica di tipo cost-plus-fixed-fee amplia un contratto precedente (N00024-20-C-2120) focalizzato sul Lead Yard Support e sugli Studi di Sviluppo e Progettazione per la flotta di sottomarini della Marina degli Stati Uniti.
Electric Boat, con sede a Groton, Connecticut, conta oltre 24.000 dipendenti e si specializza nella progettazione, costruzione, riparazione e modernizzazione di sottomarini nucleari. La capogruppo General Dynamics ha riportato un fatturato di 47,7 miliardi di dollari nel 2024 e mantiene una forza lavoro globale superiore a 110.000 dipendenti.
General Dynamics (NYSE: GD) ha asegurado una modificación de contrato por 642 millones de dólares a través de su división Electric Boat para trabajos en submarinos de la clase Virginia. La modificación de tipo cost-plus-fixed-fee amplía un contrato anterior (N00024-20-C-2120) centrado en Lead Yard Support y Estudios y Diseño de Desarrollo para la flota de submarinos de la Marina de los EE. UU.
Electric Boat, con sede en Groton, Connecticut, emplea a más de 24.000 personas y se especializa en diseñar, construir, reparar y modernizar submarinos nucleares. La empresa matriz, General Dynamics, reportó un ingreso de 47,7 mil millones de dólares en 2024 y mantiene una plantilla global de más de 110.000 empleados.
General Dynamics (NYSE: GD)가 저스 Electric Boat 부서를 통해 버지니아급 잠수함 작업에 대한 6.42억 달러 규모의 계약 수정을 확보했습니다. cost-plus-fixed-fee 수정은 미국 해군의 잠수함 함대를 위한 Lead Yard Support 및 개발 연구와 설계 노력을 중심으로 한 이전 계약(N00024-20-C-2120)을 연장합니다.
Groton, Connecticut에 본사를 둔 Electric Boat은 24,000명 이상을 고용하고 핵잠수함의 설계, 건조, 수리 및 현대화에 전문화되어 있습니다. 모기업인 General Dynamics는 2024년 매출 477억 달러를 보고했으며 전 세계적으로 11만 명이 넘는 직원을 보유하고 있습니다.
General Dynamics (NYSE: GD) a obtenu une modification de contrat à 642 millions de dollars via sa division Electric Boat pour des travaux sur les sous-marins de classe Virginia. La modification de type cost-plus-fixed-fee prolonge un contrat précédent (N00024-20-C-2120) axé sur le Lead Yard Support et les Études et la Conception pour la flotte de sous-marins de la Marine des États‑Unis.
Electric Boat, dont le siège est à Groton, Connecticut, emploie plus de 24 000 personnes et est spécialisé dans la conception, la construction, la réparation et la modernisation des sous-marins nucléaires. La société mère, General Dynamics, a déclaré un chiffre d’affaires de 47,7 milliards de dollars en 2024 et dispose d’une force de travail mondiale dépassant les 110 000 employés.
General Dynamics (NYSE: GD) hat über seine Electric Boat-Sparte eine Vertragsänderung in Höhe von 642 Millionen US-Dollar für Arbeiten an Virginia-Klasse-U-Booten gesichert. Die cost-plus-fixed-fee-Änderung erweitert einen früheren Vertrag (N00024-20-C-2120), der sich auf Lead Yard Support sowie Entwicklungsstudien und Designarbeiten für die U-Boot-Flotte der US-Marine konzentriert.
Electric Boat mit Sitz in Groton, Connecticut, beschäftigt über 24.000 Mitarbeiter und ist auf die Planung, den Bau, die Reparatur und die Modernisierung von Kern-U-Booten spezialisiert. Die Muttergesellschaft General Dynamics meldete einen Umsatz von 47,7 Mrd. USD im Jahr 2024 und pflegt eine globale Belegschaft von über 110.000 Mitarbeitern.
General Dynamics (NYSE: GD) قد أمنت تعديل عقد بقيمة $642 مليون من خلال قسم Electric Boat لأعمال الغواصات من طراز Virginia. التعديل من نوع cost-plus-fixed-fee يمدد عقداً سابقاً (N00024-20-C-2120) يركز على دعم الحوض القيادي ودراسات التطوير والتصميم لأسطول غواصات البحرية الأميركية.
Electric Boat، المقر الرئيسى في غروتون، كونيتيكت، يوظف أكثر من 24,000 موظف ويتخصص في تصميم وبناء وإصلاح وتحديث الغواصات النووية. الشركة الأم، General Dynamics، أعلنت عن إيراد قدره 47.7 مليار دولار في 2024 وتحتفظ بقوة عمل عالمية تزيد عن 110,000 موظف.
General Dynamics (NYSE: GD) 已通过其 Electric Boat 部门获得一项价值 $642 百万美元 的合同修改，用于维吉尼亚级潜艇工作。该成本加固定费修改延长了前一份合同（N00024-20-C-2120），其重点是美海军潜艇舰队的 Lead Yard Support 以及开发研究和设计工作。
Electric Boat 总部位于康涅狄格州格罗顿，现有雇员超过 24,000 人，专注于核潜艇的设计、建造、修理和现代化改造。母公司 General Dynamics 报告显示，2024 年收入为 477 亿美元，全球员工总数超过 110,000 人。
- Secured significant $642 million contract modification for submarine work
- Strong revenue performance with $47.7 billion reported in 2024
- Large workforce of 24,000+ at Electric Boat division, indicating robust operational capacity
- Continued government support from administration, Navy, and Congress
- Cost-plus-fixed-fee structure may limit profit margin potential
Insights
GD secures $642M submarine contract modification, strengthening its naval defense position and revenue pipeline.
General Dynamics Electric Boat has secured a
This contract represents more than just additional revenue—it reinforces GD's strategic position within the naval defense sector. The Virginia-class submarines are essential components of the U.S. Navy's undersea warfare capabilities, and this continued investment signals the government's commitment to maintaining technological superiority in submarine warfare.
The timing is particularly relevant given increasing global naval competition and heightened focus on subsea defense capabilities. For General Dynamics, with over 24,000 employees at its Electric Boat division alone and total company-wide revenue of
This development reflects the company's continued success in securing government contracts within the highly specialized nuclear submarine market, where barriers to entry are exceptionally high and competition is limited. The contract's cost-plus structure also provides some protection against inflation and unforeseen technical challenges while allowing for reasonable profit margins on this complex work.
"This contract modification supports our efforts to deliver the submarines our Navy needs as quickly as possible," said Mark Rayha, president of General Dynamics Electric Boat. "This funding allows us to continue our design and development efforts in order to sustain and extend our nation's operational overmatch against any potential adversaries. With the support of the administration, the Navy and Congress, we are prepared to deliver the advantage to protect our sailors, our families and our freedom."
General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the
Headquartered in
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SOURCE General Dynamics
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