General Dynamics GD continues to benefit from sustained demand for Virginia-class submarines and their critical components. Its Electric Boat business recently received a $40 million order from the U.S. Navy for 19 hydraulic actuators used on Virginia-class submarines. The work will be performed in Groton, CT, and is expected to be completed by December 2040. The long completion timeline highlights the extended nature of the Navy's submarine procurement and sustainment programs and provides General Dynamics with visibility into future work. Hydraulic actuators are important components that support the operation of submarine systems.
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