Leonardo DRS Gets Over $3 Billion in Contracts for U.S. Navy's Columbia Submarines
11 January 2024 - 8:50AM
Dow Jones News
By Mary de Wet
Leonardo DRS said Wednesday that it has been awarded contracts
worth more than $3 billion for integrated electric propulsion
system products for the U.S. Navy's Columbia-class submarines.
The Arlington, Va.-based company was chosen to design and make
the permanent magnet main propulsion electric motor, the propulsion
motor drives, switchgear, and the propulsion controls for the
submarines.
The components will be made at the company's facilities in
Fitchburg, Mass.; Menomonee Falls, Wis.; Danbury, Conn.; and High
Ridge, Mo.
Last year, the Navy awarded more than $1 billion in contracts to
Leonardo DRS to provide integrated electric propulsion components
for the Columbia submarines.
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
January 10, 2024 16:35 ET (21:35 GMT)
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