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- General Dynamics gets $1.85 billion contract modification for submarine production</p>
<p>July 3, 2025 at 1:18 AM</p>
<p>(Reuters) -General Dynamics Electric Boat, the submarine making unit of General Dynamics, said on Wednesday it received a $1.85 billion modification on its previously awarded contract for Virginia-class submarines.</p>
<p>The modification is for long lead time material and preliminary construction efforts for the nuclear powered submarines, the company said.</p>
<p>The award, first posted on the Pentagon's website on June 26, is expected to be completed by September 2035, according to the notice.</p>
<p>The announcement comes at a time when the submarines, built for the U.S. Navy, is years behind schedule as a result of labor shortages and supply chain issues.</p>
<p>"This contract modification allows for the acquisition of critical material and components for Virginia-class submarines that require substantial lead time to manufacture and deliver," said Mark Rayha, president of General Dynamics Electric Boat.</p>
<p>(Reporting by Aatreyee Dasgupta and Utkarsh Shetti in Bengaluru; Editing by Shailesh Kuber)</p>
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