Electric Boat Wins $149 Million In Pentagon Repair And Design Contracts

Hartford Courant

Electric Boat has been awarded two Pentagon contracts totaling $149 million, the largest of which will pay for development and lead-yard services for upgrades to Virginia-class attack submarines.

That contract, for $102.8 million, brings the total value of the Virginia-class upgrade to $1.1 billion. It was first awarded in 2010. The latest contract calls for studies related to design improvements, and also evaluation of new technology that would be inserted into newly build Virginia-class subs.

The smaller contract, $46.6 million, covers the third year of a submarine repair program under the New England Manpower Initiative, to be completed by the end of 2016 by Electric Boat, a unit of General Dynamics Corp.

"I'm thrilled that the Department of Defense, once again, recognizes Connecticut's contribution to our national security," said U.S. Sen. Chris Murphy in a written statement.