Monitor General Dynamics' next quarterly earnings for updates on submarine program margins and any additional Block VI contract awards. This modification supports long-term revenue visibility for Electric Boat.
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Executive Summary
The U.S. Navy awarded a $702 million contract modification to General Dynamics' Electric Boat subsidiary for Virginia-class submarine Block VI construction. This is a significant addition to the company's submarine backlog, reinforcing its long-term revenue visibility within a key defense program.
Key Financial Metrics
Key Facts
- Electric Boat Corporation, a subsidiary of General Dynamics, received a $701,930,089 contract modification.
- The modification is for FY25-FY29 VCS (Virginia-class submarine) Block VI construction.
- Awarding agency is the U.S. Department of Defense.
- The modification is under contract N0002424C2110 (Mod P00012).
Financial Impact
$702 million contract modification for submarine construction; revenue impact as a percentage of annual revenue is not calculable as annual revenue was not provided.
Risk Factors
- Government contract modifications are subject to funding availability and potential budget cuts.
- Execution risk on large, complex submarine construction programs.
- No revenue figure was provided to assess the award's materiality as a percentage of total revenue.
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-N0002424C2110 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 2d ago | GOVT-CONTRACT | $357.50 | awaiting T+5 | — | $354.89 (−0.73%) |
Oct 23, 2026 4d ago | Press Release | $357.04 | awaiting T+5 | — | $354.89 (−0.60%) |
Oct 7, 2026 20d ago | 8-K | $328.31 $337.03 | ▲ +2.66% | ▲ +2.93% | $354.89 (+8.10%) |
Oct 6, 2026 21d ago | SC 13D/A | $326.63 $334.66 | ▲ +2.46% | ▲ +3.44% | $354.89 (+8.65%) |
Oct 1, 2026 27d ago | GOVT-CONTRACT | $330.09 $331.27 | ▲ +0.36% | ▼ −0.80% | $354.89 (+7.51%) |
Sep 30, 2026 28d ago | GOVT-CONTRACT | $332.72 $329.90 | ▼ −0.85% | ▼ −2.15% | $354.89 (+6.66%) |
Sep 25, 2026 4w ago | GOVT-CONTRACT | $334.16 $331.72 | ▼ −0.73% | ▼ −1.93% | $354.89 (+6.20%) |
Sep 24, 2026 4w ago | GOVT-CONTRACT | $336.72 $330.09 | ▼ −1.97% | ▼ −1.75% | $354.89 (+5.40%) |
Sep 24, 2026 4w ago | GOVT-CONTRACT | $336.72 $330.09 | ▼ −1.97% | ▼ −1.75% | $354.89 (+5.40%) |
Sep 17, 2026 5w ago | GOVT-CONTRACT | $353.05 $336.72 | ▼ −4.63% | ▼ −5.89% | $354.89 (+0.52%) |
US Market Status
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