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Navy awards $76.6 billion for nine Virginia-class and five Columbia-class submarines

Summary by ExchangeMonitor
The Navy last week awarded General Dynamics (GD) Electric Boat a contract worth $76.6 billion to build nine Virginia-class Block VI attack submarines (SSNs) and five Columbia-class ballistic missile submarines (SSBNs) after years of delays. The Navy has been negotiating this deal with prime contractor Electric Boat and HII for up to 10 Block VI SSNs as well as a contract for another five Columbia-class SSBNs for years. Congress first authorized …
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The country's most important defence project, the acquisition of nuclear-powered attack submarines under the AUKUS security agreement with the UK and the US as the core of Australia's defense strategy, has turned out to be a fundamental change. So far, two used Virginia class submarines have been complemented by a completely new built boat – now they are to be exclusively second-use boats that will switch from the US Navy to Australia from the e…

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ExchangeMonitor broke the news on Monday, August 3, 2026.
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