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GD CEO: Electric Boat to Scale Back Submarine Work Due to ‘Major Component’ Delays

Tony
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Tony

Tony

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The prime contractor behind the Pentagon’s top acquisition priority is slowing its rate of producing submarines due to a lack of “major components,” company officials said on Wednesday.

General Dynamics CEO Phebe Novakovic said GD Electric Boat work on the Columbia-class nuclear ballistic missile submarines and the Virginia-class nuclear attack boat would slow to keep pace with a supply chain that’s lagging construction.

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