WASHINGTON (Pakistan Point News / Sputnik - 14th September, 2018) General Dynamics Electric Boat Corporation has received a nearly half-a-billion-dollar US Navy contract for fiscal years 2019 and 2020 for work on construction of Columbia-class fleet ballistic missile submarines, the Department of Defense said in a news release.
"General Dynamics Electric Boat Corporation [of] Groton, Connecticut is awarded a $480,601,156... contract... for fiscal 2019 and 2020 lead ship advance procurement/advance construction... in support of the Columbia class fleet ballistic missile submarines," the release said on Thursday.
Most of the work on the contract will be performed in Quonset, Rhode Island (55 percent) and in Newport News, Virginia (40 percent), the Defense Department noted.
The 12 boats of the Columbia-class are already projected to cost $122.3 billion including up-front fixed costs such as the design blueprints and relevant research and development, according to a July 2018 Congressional Research Service report.
