Hosted by IDTechEx
Electric Vehicles Research
Posted on October 15, 2020 by  & 
External Company Press Release

General Dynamics Electric Boat Awarded $327.8 Million Navy Contract

General Dynamics Electric Boat, a wholly-owned subsidiary of General Dynamics (NYSE:GD), has been awarded a $327.8 million cost-plus-fixed-fee contract modification for fiscal year 2020 for lead yard support, development studies and design efforts for Virginia-class submarines.
Under the contract modification, Electric Boat will undertake development studies and other work related to Virginia-class submarine design improvements, including incorporation of new technologies. The work will engage Electric Boat's engineering and design organization, which comprises more than 5,000 employees. These employees work on all facets of the submarine life cycle from concept formulation and design through construction, maintenance and modernization, and eventually to inactivation and disposal.
"Over the life of the Virginia program, the shipbuilders of Electric Boat have made improvements to the design of each ship," said Kevin Graney, President, General Dynamics Electric Boat. "This lead yard services contract will fund critical research and development work to further advance the stealth, capability and superiority of the Virginia class, providing our sailors with a greater advantage in the undersea domain."
About General Dynamics Electric Boat
General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019. More information about Electric Boat is available at External Link. More information about General Dynamics is available at External Link.
"Electric vehicles across land, sea and air will rise to a market of $2.3 trillion by 2041"
For more information about electric vehicle research from IDTechEx External Link, please visit
The electric vehicle portfolio from IDTechEx research includes:
More IDTechEx Journals