General Dynamics Awarded $1.2 Billion for Second FY11 Virginia-class Submarine by U.S. Navy

virginia class submarine

GROTON, Conn., April 29, 2011 /PRNewswire via COMTEX/ —

The U.S. Navy has released $1.2 billion for the construction of the 14th Virginia-class submarine, SSN-787, to General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics (NYSE: GD). This award marks the beginning of production of two submarines per year on the Virginia-class program.

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