General Dynamics awarded contract modification for Virginia-Class Submarines
General Dynamics Electric Boat, a business unit of General Dynamics has been awarded a $1.076 billion contract modification from the U.S. Navy to provide long-lead-time material and advanced construction for Virginia-class fast-attack submarines. Electric Boat is presently under contract for construction of submarines in Block V of the class. The $1,075,896,000 in advance procurement funds…