General Dynamics Wins $234m Navy Contract

A $234 million contract awarded to Electric Boat by the U.S. Navy will bring some work to Newport and Quonset.

The subsidiary of Groton, Conn.-based General Dynamics was awarded the contract last week and could value $1.5 billion with the potential for exercised options.

With the contract, EB will provide planning yard work, engineering and technical support for nuclear submarines along with logistics support and research.

“Electric Boat also will provide information services, planning, scheduling and technical support for submarine maintenance and modernization activities, training and facility support, and affordability and cost reduction support,” a company release stated.

Though the majority of the work will be done in Groton, there will still be work here in Rhode Island. And the most-recent contract follows an April contract for $17.6 billion to build 10 new Virginia-class submarines over five years.

The new contract is expected to be completed by Sept. 30 of 2015.

The Naval Sea Systems Command in Washington, D.C., is the contracting agency.

Electric Boat recently signed a new 25-year lease to remain at the Quonset Business Park in North Kingstown and plans to invest $150 million in upgrading their facilities in Rhode Island. 

EB currently employs about 2,800 workers in Rhode Island and projects they will hire an additional 600 people this year and as many as 3,000 employees at Quonset by 2020 to help build submarines. EB employs almost 12,000 people in the region, including at facilities in Groton and New London, Connecticut.