Navy Adds $152M To General Dynamics Submarine Contract

Law360, Washington (September 25, 2013, 3:57 PM EDT) -- The U.S. Navy on Wednesday awarded General Dynamics Electric Boat Corp. a $152.4 million modification to its contract to assist with continued development and design of Virginia-class nuclear attack submarines, bringing the total value of the contract to just over $921 million.

According to the U.S. Department of Defense, it has exercised an option in the contract — first awarded in July 2010 — for GDEB to continue with its development studies and design efforts for the Navy's Virginia-class submarine, as well as for continued so-called...
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