The US Navy has awarded General Dynamics Electric Boat a contract valued at US$22.2 billion for the construction of nine new Virginia-class submarines.
The contract also includes the option of a tenth ship to be constructed within the contract time frame, bringing the total potential contract value to approximately US$24.1 billion.
Electric Boat will act as prime contractor and Huntington Ingalls Industries' (HII) Newport News Shipbuilding will be the sub-contractor for the construction programme, which deliver the submarines from 2025 through to 2029.
