Pentagon Awards General Dynamics US$1.27 Bln Contract For Virginia-Class Submarine

MOSCOW, April 3 (Bernama-Sputnik/RIA Novosti) -- The United States (US) Navy has awarded General Dynamics Electric Boat a US$1.27 billion supplemental contract to conduct research, design work and technical support for the Virginia-class nuclear-powered attack submarine programme, reported Sputnik/RIA Novosti.

The contract includes an option to increase the total contract value to $2.49 billion, the US Department of War said.

"General Dynamics Electric Boat Corp., Groton, Connecticut, is awarded a US$1,265,790,364 cost-plus-fixed-fee modification to a previously awarded contract (N00024-20-C-2120) for lead yard support and development studies and design efforts related to Virginia-class submarines. This contract modification includes options which, if exercised, would bring the cumulative value of the contract change to US$2,491,982,722," the department said in a statement on Thursday.

Completion of the work is scheduled for April 2027.

Funding is being provided through various US Navy budget funds. 

-- BERNAMA-SPUTNIK/RIA NOVOSTI