General Dynamics (GD) wins $57.8 million Navy contract for submarine valves

Investing.com -- General Dynamics (NYSE: GD) Electric Boat Corp. has secured a $57.8 million contract from the U.S. Department of Defense to supply submarine valves.

The undefinitized contract action was awarded under a previously established agreement (N00024-24-C-2124) and covers the procurement of two Subsafe hull and back up valves.

Work on the project will take place in Annapolis, Maryland, with completion expected by December 2028.

The Navy will initially obligate $5,410,939, representing 9% of the total contract value, from its fiscal 2025 research development test and evaluation funds. These funds will not expire at the end of the current fiscal year.

The Supervisor of Shipbuilding Conversion and Repair in Groton, Connecticut, is serving as the contracting activity for this procurement.

General Dynamics Electric Boat Corp. is based in Groton, Connecticut, and specializes in submarine design and manufacturing for the U.S. Navy.

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