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Largest shipbuilding deal in U.S. history is good news for Connecticut, Rhode Island and Virginia
The future of U.S. defense spending
Congressman-elect Lt. Col. Michael Waltz (R-Fla.) on balancing defense spending with efforts to rein in government debt and the Florida ballot battle.
Christmas has come early for naval defense workers in Rhode Island, Connecticut and Virginia.
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The U.S. Navy has awarded a $22.2 billion contract to General Dynamics for the construction of nine additional Virginia class submarines — these vessels represent the state of the art in sub defense as this class incorporates the latest in stealth, intelligence gathering and weapons systems technology.
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The deal is the largest shipbuilding contract in Navy history with General Dynamics Electric Boat Corp., based in Groton, Connecticut, with facilities in nearby Quonset Point, Rhode Island, as the main contractor and Huntington Ingalls Industries Inc. based in Newport News, Virginia, as the main subcontractor. Sen. Jack Reed (D-RI) said the contract includes an option for a 10th submarine that could raise the contract value above $24 billion.