Electric Boat Awarded $77 Billion Navy Contract for Submarine Construction
Electric Boat, located in Groton, Connecticut, has secured a historic $77 billion contract from the Navy for the construction of nine Virginia-class and five Columbia-class submarines. This contract, which took over 1,500 days to negotiate, also includes $5 billion for…
Hartford & New Haven, CT, July 30, 2026 —
Groton, Connecticut – Electric Boat has been awarded a substantial $77 billion contract by the U.S. Navy for the construction of submarines. The agreement includes the building of nine Virginia-class and five Columbia-class submarines.
The negotiation process for this significant contract spanned over 1,500 days. In addition to the submarine construction, the contract also allocates $5 billion for necessary renovations at the shipyard.
This major contract is projected to generate thousands of new employment opportunities in the region. As a result of the anticipated job growth, challenges are expected to emerge within the local housing market.
The specific details regarding the timeline for construction and renovation, as well as the exact number of jobs to be created, were not provided.
Story summarized from the original created by Luke Hajdasz on www.wfsb.com, see more information here.
