Stock Markets March 25, 2026

General Dynamics Electric Boat Awarded $95 Million Submarine Support Modification

Groton unit to deliver engineering, design agent and planning yard services across multiple U.S. locations through June 2026

By Maya Rios GD
General Dynamics Electric Boat Awarded $95 Million Submarine Support Modification
GD

General Dynamics Electric Boat Corp.'s Groton, Connecticut unit received a $95 million cost-plus-fixed-fee contract modification from the U.S. Department of War to provide engineering, technical, design agent and planning yard support for operational strategic and attack submarines. Work will be performed at several U.S. sites and the effort is expected to conclude by June 2026. Naval Sea Systems Command in Washington, D.C. is the contracting activity.

Key Points

  • General Dynamics Electric Boat Corp. received a $95 million cost-plus-fixed-fee contract modification from the U.S. Department of War to provide engineering, technical, design agent and planning yard support for operational strategic and attack submarines.
  • Work will be performed across multiple U.S. locations with 70% in Groton, Connecticut; other sites include Kings Bay, Georgia; Bangor, Washington; Pearl Harbor, Hawaii; North Kingston, Rhode Island; and Newport, Rhode Island. Completion is scheduled for June 2026.
  • The Navy obligated $4,818,962 at award from fiscal 2026 research, development, test and evaluation funds, fiscal 2026 operations and maintenance funds, and fiscal 2024 other procurement funds; $2,218,962 of these obligated funds will expire at the end of the current fiscal year.

General Dynamics Electric Boat Corp.'s Groton, Connecticut-based unit has been awarded a $95 million modification to an existing contract by the U.S. Department of War to provide submarine support services, the department announced Wednesday.

The contract modification, issued under contract N00024-24-C-2124, is structured on a cost-plus-fixed-fee basis. Under the change, the Electric Boat unit will furnish engineering and technical services, act as a design agent, and deliver planning yard support for operational strategic and attack submarines.

Work associated with the modification is scheduled to be carried out at multiple locations. The largest share - 70% - will be performed in Groton, Connecticut. Additional work will take place in Kings Bay, Georgia (13%); Bangor, Washington (10%); Pearl Harbor, Hawaii (3%); North Kingston, Rhode Island (2%); and Newport, Rhode Island (2%). The contract modification sets a completion date of June 2026.

At the time the modification was awarded, the Navy obligated $4,818,962 in funding to support the work. Those funds come from three sources: $2,600,000, or 54%, from fiscal 2026 research, development, test and evaluation funds; $1,793,786, or 37%, from fiscal 2026 operations and maintenance funds; and $425,176, or 9%, from fiscal 2024 other procurement funds. The announcement notes that $2,218,962 of the obligated amount will expire at the end of the current fiscal year.

Naval Sea Systems Command, based in Washington, D.C., is identified as the contracting activity that issued the modification. The awarding of the contract modification was completed on Monday.


Context for the award

The modification expands support services for operational strategic and attack submarines, maintaining engineering and design agent responsibilities as well as planning yard functions. The distribution of work across multiple naval and shipyard locations is specified by percentage of effort and culminates in the June 2026 completion date noted by the contracting authority.

Financially, the award includes a small obligated portion at the time of the modification, with a portion of those obligated funds slated to expire with the current fiscal year. Naval Sea Systems Command is the administrative contracting authority overseeing the modification.

Risks

  • A portion of the funds obligated at award - $2,218,962 - is set to expire at the end of the current fiscal year, which may affect near-term funding availability for related tasks.
  • The modification specifies a multi-location execution plan that requires coordination across several shipyards and naval facilities, introducing potential logistical or scheduling complexities that could affect delivery within the stated timeline.

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