General Dynamics Awarded $19 Million by U.S. Navy for Virginia Payload Module Development

GROTON, Conn., July 19, 2016 /PRNewswire/ -- General Dynamics Electric Boat has been awarded an $18.9 million contract modification for the continued development of the Virginia Payload Module (VPM). Electric Boat is a wholly owned subsidiary of General Dynamics GD.

The funds will be used to procure two VPM pre-production setups to support the manufacturing start of the VPM payload tubes. The VPM will comprise four large-diameter payload tubes in a new hull section to be inserted in Virginia-class submarines.

This modification brings the cumulative value of the overall Virginia-class Lead Yard Services contract, initially awarded in 2010, to $1.46 billion.

More information about Electric Boat is available at www.gdeb.com. More information about General Dynamics is available at www.generaldynamics.com.

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SOURCE General Dynamics Electric Boat