General Dynamics Electric Boat awarded $1.85 billion contract modification for long lead time material and preliminary construction for submarine production
General Dynamics (NYSE: GD) has secured a significant $1.85 billion contract modification through its Electric Boat division for submarine production support. The modification, announced by the U.S. Department of Defense on June 26, 2025, covers long lead time materials and preliminary construction for Virginia-class submarines.
Electric Boat, which employs over 24,000 people at its Groton, Connecticut headquarters, specializes in designing, building, repairing, and modernizing nuclear submarines for the U.S. Navy. The parent company, General Dynamics, reported $47.7 billion in revenue for 2024 and maintains a global workforce of more than 110,000 employees.
General Dynamics (NYSE: GD) ha ottenuto una significativa modifica di contratto da 1,85 miliardi di dollari tramite la sua divisione Electric Boat per il supporto alla produzione di sottomarini. La modifica, annunciata dal Dipartimento della Difesa degli Stati Uniti il 26 giugno 2025, riguarda materiali a lungo termine e la costruzione preliminare dei sottomarini classe Virginia.
Electric Boat, che impiega oltre 24.000 persone presso la sua sede di Groton, Connecticut, 猫 specializzata nella progettazione, costruzione, riparazione e modernizzazione di sottomarini nucleari per la Marina degli Stati Uniti. La societ脿 madre, General Dynamics, ha registrato un fatturato di 47,7 miliardi di dollari nel 2024 e conta una forza lavoro globale di oltre 110.000 dipendenti.
General Dynamics (NYSE: GD) ha asegurado una importante modificaci贸n de contrato por 1,85 mil millones de d贸lares a trav茅s de su divisi贸n Electric Boat para el apoyo en la producci贸n de submarinos. La modificaci贸n, anunciada por el Departamento de Defensa de EE. UU. el 26 de junio de 2025, cubre materiales de largo plazo y la construcci贸n preliminar de submarinos clase Virginia.
Electric Boat, que emplea a m谩s de 24,000 personas en su sede en Groton, Connecticut, se especializa en dise帽ar, construir, reparar y modernizar submarinos nucleares para la Marina de EE. UU. La empresa matriz, General Dynamics, report贸 ingresos por 47,7 mil millones de d贸lares en 2024 y mantiene una plantilla global de m谩s de 110,000 empleados.
鞝滊剤霟� 雼れ澊雮措鞀�(NYSE: GD)電� 鞛犾垬頃� 靸濎偘 歆�鞗愳潉 鞙勴暣 鞝勱赴 氤错姼(Electric Boat) 攵�靹滊ゼ 韱淀暣 18鞏� 5觳滊 雼煬 攴滊鞚� 瓿勳暯 靾橃爼鞚� 頇曤炒頄堨姷雼堧嫟. 鞚� 瓿勳暯 靾橃爼鞚� 2025雲� 6鞗� 26鞚� 氙戈淡 甑癌攵�臧� 氚滍憸頄堨溂氅�, 氩勳雼堨晞旮� 鞛犾垬頃潣 鞛リ赴 鞛愳灛 氚� 鞓堧箘 瓯挫劋鞚� 韽暔頃╇媹雼�.
鞝勱赴 氤错姼電� 旖旊劋韹办环欤� 攴鸽韯挫棎 氤胳偓毳� 霊愱碃 鞛堨溂氅�, 24,000氇� 鞚挫儊鞚� 歆侅洂鞚� 瓿犾毄頃橁碃 鞛堨姷雼堧嫟. 鞚� 須岇偓電� 氙� 頃搓蛋鞚� 鞙勴暅 頃奠灎靾橅暔 靹り硠, 鞝滌瀾, 靾橂Μ 氚� 順勲寑頇旍棎 韸鬼檾霅橃柎 鞛堨姷雼堧嫟. 氇殞靷澑 鞝滊剤霟� 雼れ澊雮措鞀る姅 2024雲勳棎 477鞏� 雼煬鞚� 毵れ稖鞚� 旮半頄堨溂氅�, 鞝� 靹戈硠鞝侅溂搿� 110,000氇� 鞚挫儊鞚� 歆侅洂鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
General Dynamics (NYSE : GD) a obtenu une modification de contrat significative de 1,85 milliard de dollars via sa division Electric Boat pour le soutien 脿 la production de sous-marins. Cette modification, annonc茅e par le D茅partement de la D茅fense des 脡tats-Unis le 26 juin 2025, concerne les mat茅riaux 脿 long d茅lai et la construction pr茅liminaire des sous-marins de classe Virginia.
Electric Boat, qui emploie plus de 24 000 personnes 脿 son si猫ge de Groton, Connecticut, est sp茅cialis茅e dans la conception, la construction, la r茅paration et la modernisation de sous-marins nucl茅aires pour la marine am茅ricaine. La soci茅t茅 m猫re, General Dynamics, a d茅clar茅 un chiffre d'affaires de 47,7 milliards de dollars en 2024 et compte une main-d'艙uvre mondiale de plus de 110 000 employ茅s.
General Dynamics (NYSE: GD) hat 眉ber seine Tochtergesellschaft Electric Boat eine bedeutende Vertrags盲nderung im Wert von 1,85 Milliarden US-Dollar f眉r die Unterst眉tzung der U-Boot-Produktion erhalten. Die 脛nderung, die am 26. Juni 2025 vom US-Verteidigungsministerium bekannt gegeben wurde, umfasst langfristige Materialien und die Vorfertigung von Virginia-Klasse-U-Booten.
Electric Boat, mit 眉ber 24.000 Mitarbeitern am Hauptsitz in Groton, Connecticut, ist auf die Konstruktion, den Bau, die Reparatur und Modernisierung von Nuklear-U-Booten f眉r die US Navy spezialisiert. Die Muttergesellschaft General Dynamics meldete f眉r 2024 einen Umsatz von 47,7 Milliarden US-Dollar und besch盲ftigt weltweit mehr als 110.000 Mitarbeiter.
- Secured substantial $1.85 billion contract modification for submarine production
- Contract supports sustained demand signal and supplier investment in capacity
- Strengthens long-term relationship with U.S. Navy for critical defense infrastructure
- Builds on strong 2024 performance with $47.7B in revenue
- Long lead times required for material manufacturing and delivery
- Success dependent on consistent government funding and support
Insights
GD secures $1.85B contract modification for submarine materials, strengthening revenue visibility and supply chain stability.
The
What makes this particularly valuable is the demand signal it sends to suppliers. In defense contracting, consistent funding streams allow suppliers to confidently invest in manufacturing capacity and material procurement. This strengthens the entire submarine industrial base, which has faced capacity constraints in recent years.
The contract builds upon General Dynamics' existing Virginia-class submarine program, which generates approximately
Mark Rayha's emphasis on "high-rate production" highlights the Navy's strategic priority to expand its submarine fleet amid growing maritime challenges. For investors, this represents enhanced revenue visibility and order backlog stability in GD's marine systems segment, which contributed over
"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. It sends a continued demand signal, supporting supplier investment in the capacity and materials needed to achieve our required production volume," said Mark Rayha, president of General Dynamics Electric Boat. "Consistent funding and support such as this contract modification is essential for the shipyards to achieve the high-rate production of submarines the Navy needs."
General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the
Headquartered in
听
View original content to download multimedia:
SOURCE General Dynamics
FAQ
What is the value of General Dynamics' new contract modification for submarine production?
How many employees does General Dynamics Electric Boat have in 2025?
What was General Dynamics' (GD) revenue in 2024?
What is the purpose of the GD Electric Boat contract modification?
How many people does General Dynamics employ globally in 2025?
