GD execs: Submarine supply chain remains 'very fragile' while workforce picture improves

By Nick Wilson / October 25, 2023 at 11:51 AM
General Dynamics Electric Boat continues to receive late deliveries of submarine components from a "very fragile" supply chain, company executives said today, noting enduring production challenges within the Navy's two critical submarine programs. Despite a proposed $3.4 billion investment in the submarine industrial base included in the White House’s recent supplemental spending request , Chief Financial Officer Jason Aiken said General Dynamics’ AUKUS execution timeline is unchanged and the company’s focus remains on gradually improving Virginia-class submarine delivery rates. “There's...

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