GROTON - General Dynamics Electric Boat was awarded $5.1 billion contract to design the U.S. Navyâ€™s next ballistic-missile submarine on Thursday.
The Integrated Product and Process Development contract includes funding for component and technology development as well as continued development of the Common Missile Compartment, which will be integrated into both the navyâ€™s new SSBN and the Royal Navyâ€™s Dreadnought-class strategic missile submarine.
The contract follows a five-year, $1.85 billion deal in December 2012 to perform research and development work for the navyâ€™s new class of ballistic-missile submarines.
Construction is scheduled to begin in the fall of 2020. The navy plans to build a fleet of 12 new SSBNs.
General Dynamics Electric Boat has established standards of excellence in the design, construction and lifecycle support of U.S. Navy submarines.
As an industry leader, Electric Boat is committed to applying its technical strengths and business expertise to effectively manage the challenges of nuclear-submarine production.
The companyâ€™s three main locations are in Groton, New London and Quonset Point, RI. They employ approximately 15,800.
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