US Navy modifies General Dynamics’ submarines contract

General Dynamics Electric Boat, a subsidiary of defence contractor General Dynamics, has been awarded a $91.2m (£56.9m) contract modification by the US Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines.

Under the contract, Electric Boat will develop, maintain and update design drawings and data, including technology insertions, for each Virginia-class submarine throughout its construction and post-shakedown availability periods.

Additionally, Electric Boat will perform research and development work required to evaluate new technology to be inserted in newly built Virginia-class ships.

The contract has a potential value of $881m through 2014 if all options are exercised and funded.