US Navy pouring $76 billion into new submarines, workforce:
Shipbuilders will construct 14 new Virginia- and Columbia-class submarines. The US Navy's investment ...
businessinsider.com/us-navy-pouring-billions-into-new-submarines-workforce-2026-7
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US Navy awards $76.6 billion for submarinesThe package covers 14 vessels and support for yards, workers, and supply chains.
Key FactsJul 31, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: businessinsider.com
Summary created with AI assistance · Source: businessinsider.com
- The awards, worth $76.6 billion in total, went to General Dynamics Electric Boat and Huntington Ingalls Industries.
- They include five Columbia-class submarines costing about $30 billion and nine Virginia-class Block VI vessels costing about $42 billion.
- The total includes investments in shipyard infrastructure and modernization, the workforce, and supply chains, with some funding already awarded earlier.
- The submarine programs have faced years of delays and cost overruns, while shipyards face challenges involving hiring, wages, training, housing, and worker retention.
by securing the continuous production of both the Columbia and Virginia classes, we ensure we will continue to deliver the world's most lethal, survivable and resilient combat platform to our global Combatant Commanders, while providing long-term stability to our shipbuilding industrial base.— Vice Adm. Robert Gaucher, director of submarine programs, in a Defense Department release
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