General Dynamics Electric Boat has been awarded a modification contract to continue its design efforts to produce Virginia Class submarines that are affordable for the US Navy.

The $60m contract is a modification to the block III contract, which was initially awarded in 2008 for the procurement of eight submarines through 2013.

Under the contract, Electric Boat will continue to develop and implement cost-reduction design changes called ‘design for affordability’ (DFA) to reduce the acquisition costs by 20% for fiscal year 2012.

The significant design change will be modifications to the submarine’s bow, replacement of the sonar sphere with a large aperture bow array and the 12 vertical-launch missile tubes with two Virginia payload tubes, each carrying six missiles.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The overall contract has a potential value of $14bn and the last block III ship is scheduled for delivery in 2019.