General Dynamics Corp. (GD) said Thursday that its wholly owned subsidiary General Dynamics Electric Boat has been awarded a $11 million contract modification from the U.S. Navy to support research and development of advanced submarine technologies for current and future undersea platforms.
As per the modifications, Electric Boat will perform an advanced submarine research and development studies in support of a wide range of technology areas including manufacturability, maintainability, survivability, hydrodynamics, acoustics and materials.
The company will conduct research and development work in additional areas including hull integrity, performance, ship control, logistics, weapons handling and safety.
The program also supports near term insertion of Virginia-class technology, identification of Ohio-class replacement technology options, future submarine concepts and core technologies.
The contract, which was awarded in November 2010, has a potential value of $711 million over five years if all options are exercised and funded.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.