General Dynamics Invests in Submarine Facilities, an Industrial Info Market Brief

With the recent increases in U.S. defense spending, General Dynamics Corporation has invested in upgrades and retooling at its Electric Boat subsidiary in support of the Virginia-class attack submarine program and the new Columbia-class ballistic missile submarine to replace the aging Ohio-class subs. Industrial Info is tracking three General Dynamics projects valued at about $1.8 billion at two eastern seaboard facilities. The projects will enable increased production at these facilities to meet the growing demands of the defense sector.