General Dynamics secures US$17.65 bil. deal to build 10 attack submarines for the US Navy



GROTON, Connecticut–General Dynamics said Monday it has secured a US$17.65 billion contract to build attack submarines for the U.S. Navy.

The company said its subsidiary Electric Boat will be responsible for building 10 additional Virginia-class submarines as part of the agreement. It plans to build two ships per year for the next five years with the help of its partner Newport News Shipbuilding, a unit of Huntington Ingalls Industries.

Construction of the first submarine will begin May 1.