General Dynamics Electric Boat received a $15.38 billion contract modification on March 19, 2026. The agreement funds the continued design, support, and sustainment of Columbia-class ballistic missile submarines.
This program represents a foundational element of the United States' nuclear deterrent strategy. The significant allocation provides General Dynamics with substantial long-term revenue visibility.
The U.S. Navy plans to procure 12 nuclear-powered submarines to replace the aging Ohio-class fleet. Each vessel features a nuclear fuel core designed to last its entire service life. This innovation eliminates the requirement for mid-service refueling.