Times of Islamabad

22 billion contract awarded for nine state of the art submarines for the NAVY

22 billion contract awarded for nine state of the art submarines for the NAVY

WASHINGTON – The US Navy has awarded a $22.2 billionlink contract to GeneralDynamics Electric Boat Corp. for nine Virginia-class submarines, thePentagon link said in apress release.

“General Dynamics Electric Boat Corp.(GDEB), Groton, Connecticut, is awarded a $22,209,893,409fixed-price-incentive.

A multi-year modification to previously-awarded contract N00024-17-C-2100for construction of nine Virginia-class submarines, eight with Virginialink Payload Module(VPM), from link fiscal 2019link to fiscal 2023,” therelease said on Monday.