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Navy awards $76.6 billion for Virginia, Columbia-class submarines

The U.S. Navy is spending $76.6 billion to build five Columbia-class and nine Virginia-class submarines.

US Navy Awards Historic $76.6B Contract for 9 Block VI Virginia SSNs and 5 Columbia SSBNs

In its largest-ever submarine deal, the US Navy awards $76.6B to GDEB and HII for 9 Block VI Virginia-class attack subs and 5 Columbia-class SSBNs. U.S Navy press release On July,...

Navy Awards $76.6B for 9 Virginia, 5 Columbia Subs to General Dynamics, HII

This post has been updated with an additional statement from the Navy and General Dyanmics. The U.S. Navy awarded General Dynamics Electric Boat and HII $76.6 billion in contracts...

U.S. Navy locks in $76.6B for its next fleet of nuclear submarines

The U.S. Navy has committed $76.6 billion to build the next generation of America’s underwater nuclear deterrent, splitting the money between two very different classes of submarin...

Shipbuilding contract awarded for ballistic missile submarines

The U.S. Department of War announced it had awarded a five-ship contract modification to General Dynamics Electric Boat (GDEB) for five Columbia Class ballistic missile submarines....

Report details US-UK ties in Dreadnought submarine program

The Royal Navy’s Dreadnought-class submarines share a missile compartment design, a nuclear propulsion technology exchange, and the same missile as the U.S. Navy’s Columbia class,...

Department of War Awards Historic Shipbuilding Contract to Cement Undersea Dominance

WASHINGTON – Today, the Department of War expanded its undersea warfighting capabilities by awarding a five-ship contract modification to General Dynamics Electric Boat (GDEB) for...

US Navy awards $76.6B for Virginia and Columbia submarine construction

The US Navy has awarded contract modifications worth approximately $76.6 billion to HII's Newport News Shipbuilding (NNS) and General Dynamics...

Navy to Reclassify Virginia Payload Module-equipped SSNs to SSGNs, Unleashing Next-Generation Strike Power

WASHINGTON– Today, the Department of the Navy announced a decisive step to sharpen its competitive edge, reclassifying nineteen planned Virginia Class submarines equipped with the...

The US Navy is pouring $76.6 billion into new submarines and the workers it needs to build them

Shipbuilders will construct 14 new Virginia- and Columbia-class submarines. The US Navy's investment also includes money for yards and workers.

Virginia Class Submarines with New Payload Module to Receive SSGN Designation

Beginning with the USS Arizona, 19 new boats in the U.S. Navy’s Virginia class of nuclear powered attack submarines will officially be referred to as SSGNs to reflect the boost in...

US Navy is reclassifying 19 Virginia-class submarines to reflect increased attack capabilities

The U.S. Navy is changing the designation for 19 planned Virginia-class submarines with the Virginia Payload Module, which increases munitions capacity.

Lockheed Martin Advances Trident II D5 Modernization with $850M Award

Lockheed Martin (NYSE: LMT) has been awarded an $850 million contract modification from the U.S. Navy to continue design and development of the Trident II D5 Life Extension 2 (D5LE...

Navy to Reclassify Virginia Payload Module-Equipped Submarines as SSGNs

The Navy has moved to reclassify 19 planned submarines under a new designation The change separates VPM-equipped platforms from traditional fast attack submarines Vice Adm. Rob Gau...

Is China building a new type of attack submarine? Satellite images hint at stealth gains

China may be developing a new class of nuclear-powered attack submarine with improved range and stealth, according to analysis based on recent satellite imagery. The images, captur...

USS Georgia Completes Final Patrol Ahead of Inactivation, LCS Fort Worth Decommissions

Two warships have ended their service with the Navy this week, a 42-year-old nuclear guided-missile submarine and one of the first Littoral Combat Ships, the service announced. USS...

U.S. Navy taps Maryland firm for critical submarine listening gear

The U.S. Navy has committed up to $42.7 million to keep that cable, and the sensitive electronics packed inside it, working and improving for the next five years. The Department of...

US Navy to convert 19 Virginia-class submarines into guided-missile SSGNs

The US Navy has decided that 19 future Virginia-class submarines equipped with the Virginia Payload Module (VPM) will be reclassified as...

India’s Fourth Arihant-Class Nuclear Powered SSBN INS Arisudan To Complete Sea Trials By End-2026

India’s fourth Arihant-class SSBN, INS Arisudan nuclear-powered ballistic missile submarine, launched in October 2024, is undergoing advanced sea trials and is expected to complete...

Columbia Group CEO Sets Out Priorities For Next Phase Of Growth

Columbia Group’s CEO, Andreas Hadjipetrou, has set out his priorities for the company’s next chapter, placing responsible growth, stronger collaborati...

Columbia Select Large Cap Growth Fund Q2 2026 Commentary

HII wins $336m contract for USS William J. Clinton carrier materials

Huntington Ingalls Industries has secured a deal for long lead materials ahead of building the next Gerald R. Ford-class aircraft carrier. The post HII wins $336m contract for USS...

US Navy awards $850m contract to advance Trident II D5LE2 development

The US Navy has awarded an $850m contract modification to Lockheed Martin, supporting the continued development of the Trident II D5 Life Extension 2 (D5LE2) programme. The post US...

Navy’s First Submarine ‘Czar’ VADM Rob Gaucher to Keynote 2026 Navy Summit

VADM Rob Gaucher, the Pentagon's first submarine czar, will keynote Potomac Officers Club's 2026 Navy Summit on Aug. 27 in Falls Church.