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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.