Electric Boat awards HII $727M contract mod for Virginia-class subs

摘要

Huntington Ingalls Industries announced Friday it has received a $727 million advanced procurement contract modification from General Dynamics Electric Boat for Virginia-class Block V submarines. The award brings the contract's total value to $1.04 billion, according to a company statement. The additional advanced procurement funds will allow HII "to continue procuring long-lead-time materials," said Dave Bolcar, Newport News' vice president of submarine construction. "The start of early manufactured material is already underway for Block V submarines."