2008 - Press Release Archives

U.S. Navy Awards General Dynamics $14 Billion Contract for Eight Virginia-Class Submarines
(December 22, 2008)

General Dynamics Electric Boat Awarded $286 Million for Nuclear Submarine Support Work
(November 18, 2008)

General Dynamics Electric Boat Receives $10 Million For Submarine Support Work
(October 30, 2008)

U.S. Navy Awards General Dynamics Electric Boat $268 Million for Virginia-Class Submarine Engineering Work
(October 1, 2008)

General Dynamics Electric Boat Delivers Submarine New Hampshire To U.S. Navy Ahead of Schedule
(August 28, 2008)

U.S. Navy Awards General Dynamics $14 Billion Contract for Eight Virginia-Class Submarines

GROTON, Conn. (December 22, 2008) - The U.S. Navy today reaffirmed the strategic need for a robust, adaptable submarine force by awarding General Dynamics Electric Boat a contract valued at $14 billion for the construction of eight Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The multi-year contract allows Electric Boat and its teammate, Northrop Grumman Shipbuilding, to proceed with the construction of one ship per year in 2009 and 2010, and two ships per year from 2011 through 2013. The eighth ship to be procured under this contract is scheduled for delivery in 2019.

The Virginia-class submarine is the first U.S. Navy warship designed from the keel up for the full range of mission requirements in the post-Cold War era, including anti-submarine and surface ship warfare; delivering special operation forces; strike; intelligence, surveillance and reconnaissance; irregular warfare; and mine warfare.

The contract immediately provides $2.4 billion to fund construction of SSN-784, which has been named the “North Dakotas’; advanced procurement for SSN-785; funding to purchase materials, parts and components for multiple ships at one time (SSN-785 through SSN-791, as yet unnamed), achieving significant economies of scale; and funding for additional cost-reduction design changes (known as Design For Affordability).

“This award is significant for our country, the U.S. Navy, our company and the entire submarine industrial base,s’ said Electric Boat President John P. Casey. “As we attain the production rate of two submarines per year, we will have the stability required to further increase production efficiencies. This will benefit the U.S. taxpayer, while providing the Navy a class of nuclear submarines with the capabilities required to retain our nation’s undersea superiority well into the 21st century.s’

“In addition, at a time when the country has a challenging economic outlook, this contract will provide good jobs not just in Connecticut, Rhode Island and Virginia, but in thousands of communities across the country as our vendors gear up for increased production on the Virginia class,s’ Casey said.

“Today’s contract award is an exciting moment for the entire team,s’ said Matt Mulherin, sector vice president and general manager of Northrop Grumman Shipbuilding’s Newport News, Va. shipyard. “It brings stability to the submarine program, to our work force and to the shipbuilding supplier industrial base for the next decade. This achievement is also a result of our shipbuilders’, suppliers’ and Navy partners’ successful efforts to reduce cost, accelerate schedules and improve construction processes of the previous Virginia-class boats.”

Electric Boat and Northrop Grumman Shipbuilding already have delivered five Virginia-class submarines to the Navy: USS Virginia (SSN-774), USS Texas (SSN-775), USS Hawaii (SSN-776), USS North Carolina (SSN-777) and USS New Hampshire (SSN-778). Five additional submarines are under construction.

The contract comes on the heels of the shipbuilding team’s delivery of USS New Hampshire in August eight months ahead of schedule and more than $60 million under target cost, performance that demonstrates the commitment to reduce the cost and shrink construction schedules during the term of the contract.

Virginia-class submarines displace 7,800 tons, with a hull length of 377 feet and a diameter of 34 feet. They are capable of speeds in excess of 25 knots and can dive to a depth greater than 800 feet, while carrying Mark 48 advanced capability torpedoes, Tomahawk land attack missiles and unmanned underwater vehicles.

General Dynamics, headquartered in Falls Church, Va., employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.gd.com.

Return to top

General Dynamics Electric Boat Awarded $286 Million for Nuclear Submarine Support Work

GROTON, Conn. (November 18, 2008) – The U.S. Navy has awarded General Dynamics Electric Boat a $286 million contract for planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The contract has a total potential value of $1.8 billion over five years if all options are exercised and funded. Work performed under the initial award is expected to be completed by October 2009.

Under the terms of the contract, Electric Boat will provide design, engineering, material and logistics support, and research and development activities for active U.S. Navy nuclear submarines and submersibles. Electric Boat will also provide information services, planning, scheduling and technical support for submarine maintenance and modernization activities, training and facility support, and affordability/cost reduction support.

General Dynamics, headquartered in Falls Church, Va., employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.gd.com.

Return to top

General Dynamics Electric Boat Receives $10 Million For Submarine Support Work

GROTON, Conn. (October 30, 2008) -The U.S. Navy has awarded General Dynamics Electric Boat a $10.2 million modification to an existing contract for submarine modernization and related work at the submarine base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD).

Initially awarded in October 2006, the five-year contract has a potential value of $201.8 million if all options are exercised and funded.

Under the terms of the contract modification, Electric Boat will continue to perform non-nuclear submarine modernization and repair services at the Naval Submarine Support Facility at the submarine base. Tasks include intermediate overhaul, repair and modernization activities in support of submarines, the Shippingport floating dry-dock and support and service craft. About 270 Electric Boat employees are assigned to the work.

General Dynamics, headquartered in Falls Church, Va., employs approximately 85,600 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

Return to top

U.S. Navy Awards General Dynamics Electric Boat $268 Million for Virginia-Class Submarine Engineering Work

GROTON, Conn.. (October 1, 2008) -The U.S. Navy has awarded General Dynamics Electric Boat a $268 million contract modification to provide lead construction yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the modification, Electric Boat will maintain and update design drawings and data for all Virginia-class submarines, including technology insertions, throughout their construction and post-shakedown availability periods. In addition, Electric Boat will perform Virginia-class development and design studies.

Initially awarded in October 2005, the contract has a total potential value of $443.4 million for work to be completed through September 2009.

Electric Boat and its construction partner, Northrop Grumman Shipbuilding, have delivered five ships of the class to the Navy – USS Virginia (SSN-774), USS Texas, USS Hawaii (SSN-776), USS North Carolina (SSN-777) and New Hampshire (SSN-778). Five additional submarines are under contract.

General Dynamics, headquartered in Falls Church, Va., employs approximately 84,600 people worldwide and anticipates 2008 revenues of approximately $29.5 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

Return to top

General Dynamics Electric Boat Delivers Submarine New Hampshire To U.S. Navy Ahead of Schedule

GROTON, Conn. (August 28, 2008) - General Dynamics Electric Boat today delivered the New Hampshire (SSN-778), the nation’s newest and most advanced nuclear-powered attack submarine, to the U.S. Navy eight months ahead of schedule. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

At a brief shipyard ceremony, Electric Boat President John Casey gave credit to the Navy, the shipbuilders and the supplier base for achieving the early delivery date. “This ship is a tangible reflection of the skill and craft of thousands of industry and shipyard workers. And it clearly demonstrates the nation’s commitment to a strong national defense,” he said.

"As a result of numerous production and process improvements, Electric Boat is delivering New Hampshire to the Navy in 71 months, 16 months fewer than the lead ship," Casey continued. "Put another way, we reduced the time between when the ship enters the water and when it is delivered from 14 months on the first ship of the class to less than 6 months on the New Hampshire."

New Hampshire is the fifth ship of the Virginia Class, the Navy’s first major class of combatant ships designed with the post-Cold War security environment in mind. Virginia-class submarines embody warfighting and operational capabilities required to dominate the littorals while maintaining undersea dominance in the open ocean.

“Like the previous ships of the class, New Hampshire has been designed specifically to incorporate emergent technologies that will provide new capabilities to meet new threats,” Casey said. “This enables the Virginia Class to make unique and significant contributions to national security for decades to come,” he said.
Electric Boat and Northrop Grumman Shipbuilding have received contracts to build the first 10 submarines of a planned 30-ship Virginia Class under a teaming agreement that splits the construction workload between the two shipyards.

General Dynamics, headquartered in Falls Church, Va., employs approximately 84,600 people worldwide and anticipates 2008 revenues of approximately $29.5 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.
 
Virginia-Class characteristics

Displacement:  

7,835 tons

Length:  

377 feet

Beam:

34 feet

Payload:

40 weapons; special operations forces; unmanned undersea vehicles

Weapons Launch:

Four 21-inch torpedo tubes; 12 vertical-launch system tubes

Weapons:

Tomahawk land-attack missiles; Mark 48 advanced capability torpedoes

Crew:

134 officers and enlisted men

Ships of the class

  • USS Virginia (SSN 774
  • USS Texas (SSN 775)
  • USS Hawaii (SSN 776)
  • USS North Carolina (SSN 777)
  • New Hampshire (SSN 778)
  • New Mexico (SSN 779)
  • Missouri (SSN 780)
  • California (SSN 781)
  • Mississippi (SSN 782)
  • Minnesota (SSN 783)
  • North Dakota (SSN-784)

Return to top