General Dynamics Secures Massive $987M Contract for Next-Gen Navy Submarine Production

General Dynamics Electric Boat awarded a $987 million contract modification for long lead time material and construction costs for submarine production

GROTON, Conn., June 18, 2025 /PRNewswire/ -- General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $987 million contract modification to a previously awarded contract supporting submarine production. This modification…

GD Electric Boat Awarded a $987m Submarine Contract Modification

General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), was awarded a $987 million contract modification…

GD Secures $987M Submarine Production Support Modification

The U.S. Navy has awarded General Dynamics Electric Boat a $986.8 million modification to a previously awarded contract for submarine production support. Contract modification work includes additional component development, class lead yard support and submarine industrial base supplier development enhancements supporting Columbia-class ballistic missile submarines and the nuclear shipbuilding enterprise, particularly the Virginia-class submarine…

General Dynamics Secures Massive $987M Contract for Next-Gen Navy Submarine Production

Major submarine production contract spans multiple facilities through 2031. Includes critical supply chain enhancements and shipyard developments. Learn contract details.

Electric boat and ship market to reach US$15bn by 2033, Imarc Group forecasts

According to Imarc Group‘s latest research publication, Electric Boat and Ship Market Size, Share, Trends and Forecast by Propulsion Type, Battery Type, Carriage Type, and Region, 2025-2033, the global electric boat and ship market size has been valued at US$7.03bn in 2024. Looking forward, the group estimates the market will reach US$15bn by 2033, exhibiting a CAGR of 8.80% from 2025-2033. The report employed combined primary and secondary data…