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General Dynamics Awarded $5.1B US Navy Submarine Contract

General Dynamics Awarded $5.1B US Navy Submarine Contract

General Dynamics Awarded $5.1B US Navy Submarine Contract General Dynamics has been awarded the $5.1-billion contract to complete the construction of vital parts for the US Navy's upcoming Columbia-class submarines. As part of the deal the company will acquire long-lead material to aid in development and the construction of following five ships of the class. It will also finance the production of the submarine's missile tube as well as improvements to an industrial platform for the submarine. In the words of General Dynamics, the advance purchase of critical submarine components is essential for the achievement of the plan. "This award…
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