As General Dynamics starts building two submarine classes simultaneously this year, the defense contractor is focused on showing shareholders and lawmakers that it can ramp up production while keeping costs in check.
2019 started with a surprise in the Navy budget request: the service needed to buy and test unmanned surface vehicles immediately to reach its ultimate goals for the surface force, and it was willing to sacrifice almost anything – including sidelining an aircraft carrier – to free up the funds to do so. Read More
The Navy will name the first two Block V Virginia-class attack submarines in honor of the crews of a pair of battleships forever enshrined in the memory of the Japanese attack on Pearl Harbor.
THE PENTAGON – The Navy signed its largest shipbuilding contract ever, awarding a $22.2-billion contract to General Dynamics Electric Boat and Huntington Ingalls Industries’ Newport News Shipbuilding for nine Virginia-class Block V attack submarines. Read More
ARLINGTON, Va. – With the Columbia ballistic missile submarine program set to take up a large portion of Navy shipbuilding funds in the next two decades and flat budgets expected in the near-term, the Navy’s undersea warfare community has clearly prioritized where any available funds should go to support the National Defense Strategy. Read More
Negotiations to build the Block V Virginia-class submarines will likely result in a contract for fewer subs than what Congress authorized, than the Navy wants and than industry can build, a shipbuilding executive told Wall Street analysts on Thursday. Read More
ARLINGTON, Va. – The Navy and submarine builders General Dynamics Electric Boat and Newport News Shipbuilding are executing a recovery plan to get Block IV Virginia-class submarine production back on track, after the last five submarines in Block III delivered late. Read More
The Navy and General Dynamics Electric Boat appear to have reached an agreement to build nine Block V Virginia-class submarines with an option for a tenth, but the pending deal is getting tepid applause from lawmakers on Capitol Hill.
GROTON, Conn. – The Navy is close to inking a multi-billion-dollar deal to build the Block V Virginia-class fast-attack submarines, but doing so requires the service, shipyards and suppliers to balance their sometimes-competing program priorities, the service’s top acquisition official said Tuesday