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Mon April 28, 2014
Electric Boat Snags Biggest-Ever Navy Contract
The U.S. Navy has given Groton shipyard Electric Boat the largest shipbuilding contract ever awarded.
The $17.6 billion deal is an order for ten Virginia class submarines, and it funds work on two boats per year. That rate of work has been a long-term goal for the Connecticut yard as a way to stabilize its waterfront workforce.
The contract was welcomed by second district representative Joe Courtney, who said it will support 11,500 jobs in Connecticut and Rhode Island, as well as more than 350 companies that supply parts to Electric Boat.
Governor Dannel Malloy said the award reflects the talents of the workforce, saying they're held up as a model of quality and efficiency in defense procurement.