trending Market Intelligence /marketintelligence/en/news-insights/trending/SeHi8ACeBy0v6tsm3LykJg2 content esgSubNav
In This List

General Dynamics wins $5.1B US Navy contract for submarine design

Podcast

Street Talk | Episode 103 - Investors worry about bank liquidity, earnings drag from underwater bonds

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Investment Research Coverage of Inflation and Recession-Focused Topics on the Rise

Blog

S&P 500 Q3 2022 Sector Earnings & Revenue Data


General Dynamics wins $5.1B US Navy contract for submarine design

General Dynamics Corp said Sept. 21 that the U.S. Navy awarded a $5.1 billion contract to General Dynamics Electric Boat for the design completion of the lead Columbia-class submarine.

The company said construction of the submarine is set to begin in the fall of 2020. The Navy plans to build a fleet of 12 new ballistic-missile submarines.

The latest contract, which includes funding for component and technology development, follows a five-year, $1.85 billion award in December 2012 tasking General Dynamics Electric Boat to perform research and development work for the Navy's new class of ballistic-missile submarines.