General Dynamics Corporation (NYSE:GD) received a $1.3 billion contract modification from the U.S. Department of Defense, allowing the business unit Electric Boat to acquire long lead-time materials for Virginia Class Block VI submarines, as detailed in the U.S. Department of Defense contract award. Virginia-class submarines are built to meet a broad spectrum of 21st-century mission needs, including anti-submarine warfare, surface ship engagement, and special operations support. General Dynamics Electric Boat, as the prime contractor and lead design yard, works in collaboration with HII’s Newport News Shipbuilding to construct ...