10:56 AM EDT, 07/02/2025 (MT Newswires) -- General Dynamics Electric Boat, a unit of General Dynamics ( GD ) , said Wednesday it was awarded a $1.85 billion contract modification for long lead time material and preliminary construction for submarine production.

"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.

"It sends a continued demand signal, supporting supplier investment in the capacity and materials needed to achieve our required production volume."

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