GD Electric Boat Awarded a $987m Submarine Contract Modification

General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), was awarded a $987 million contract modification to a previously awarded contract supporting submarine production. This modification is for additional Component Development, Class Lead Yard Support (CLYS), and Submarine Industrial Base (SIB) supplier development enhancements, as detailed in the U.S. Department of Defense contract award.

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