July 2 (Reuters) - General Dynamics Electric Boat, the
submarine making unit of General Dynamics ( GD ), said on
Wednesday it received a $1.85 billion modification on its
previously awarded contract for Virginia-class submarines.
The modification is for long lead time material and
preliminary construction efforts for the nuclear powered
submarines, the company said.
The award, first posted on the Pentagon's website on June
26, is expected to be completed by September 2035, according to
the notice.
The announcement comes at a time when the submarines,
built for the U.S. Navy, is years behind schedule as a result of
labor shortages and supply chain issues.
"This contract modification allows for the acquisition
of critical material and components for Virginia-class
submarines that require substantial lead time to manufacture and
deliver," said Mark Rayha, president of General Dynamics
Electric Boat.