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Navy awards General Dynamics Electric Boat contracts to build 14 submarines under $76.6 billion program

Sienna Parker by Sienna Parker
July 29 2026
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General Dynamics Electric Boat said it has been awarded $29.5 billion for five additional Columbia-class submarines, $42.1 billion for nine additional Virginia-class submarines, and additional support for shipyard infrastructure as part of a $76.6 billion Navy contract announcement.

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“These important contract modifications provide Electric Boat and our suppliers with the demand certainty we need to continue investing in capacity and hiring the workforce necessary to ensure we deliver these important national security assets on schedule,” said Mark Rayha, president of General Dynamics Electric Boat.

Information about the contract modifications is detailed in U.S. Department of War contract awards and on the Navy’s press office website.

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, it employs more than 27,000 people. More information is available at www.gdeb.com.

Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company with a portfolio spanning business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. The company employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com.

Tags: General DynamicsU.S. NavyVirginia-class submarines
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Sienna Parker

Sienna Parker

Sienna Parker is a journalist reporting on major corporations in the defense industry and key transactions shaping the sector. She focuses on industry movements, mergers and the business of defence.

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