Electric Boat Wins $20 Million DARPA Contract

GROTON, Conn., July 5 /PRNewswire-FirstCall/ — General Dynamics Electric Boat has won a $20 million, 18-month contract from the Defense Advanced Research Projects Agency (DARPA) to continue development of shaftless propulsion technology for submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD) .

Electric Boat was one of two teams that participated in the first phase of the DARPA Tango Bravo program, to develop concepts for a submarine propulsion system that would not require a propulsion shaft that penetrates the hull. After reviewing both teams’ proposals, DARPA selected Electric Boat to build and test a series of small- and large-scale technology demonstrators to validate the performance predicted for its design.