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General Dynamics Electric Boat [2] ( GDEB) is a subsidiary of General Dynamics Corporation. It has been the primary builder of submarines for the United States Navy for more than 100 years. The company's main facilities are a shipyard in Groton, Connecticut, a hull-fabrication and outfitting facility in Quonset Point, Rhode Island, and a design ...
General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. In 1899, Isaac Rice bought the company from Holland and renamed it Electric Boat Company. Electric Boat was responsible for developing the U.S. Navy's first modern submarines, which were purchased by the Navy in 1900.
The company was founded by electrical inventor William Woodnut Griscom in 1880. An important early customer for electric boat motors was the Electric Launch Company, also known as Elco. Following an 1892 bankruptcy, financier Isaac Rice bailed out Electro-Dynamic and became a co-owner. Griscom died in a hunting accident in 1897.
Fore River Shipyard was a shipyard owned by General Dynamics Corporation located on Weymouth Fore River in Braintree and Quincy, Massachusetts. It began operations in 1883 in Braintree, and moved to its final location on Quincy Point in 1901. In 1913, it was purchased by Bethlehem Steel, and later transferred to Bethlehem Shipbuilding ...
In December 2008, General Dynamics Electric Boat Corporation was selected to design the Common Missile Compartment that will be used on the Ohio-class successor. In 2012, the U.S. Navy announced plans for its SSBN(X) to share a common missile compartment (CMC) design with the Royal Navy's Dreadnought-class ballistic missile submarine.
On 22 March 2021, the U.S. Navy added the 10th boat of the Block V series of the Virginia -class attack submarine, issuing a $2.4 billion adjustment on the December 2019 contract. This brings the total cost of the contract with prime contractor General Dynamics Electric Boat to $24.1 billion.
The company that emerged from under these developments was called The Electric Boat Company, founded on 7 February 1899. Isaac Leopold Rice became the company's first president, with Elihu B. Frost acting as vice-president and chief financial officer. This company eventually evolved into the major defence contractor General Dynamics.
Spear served as president from 1942 to 1947, running the company during World War II, when it was a leading producer of submarines. He served as chairman of the board from 1947 until his death on 9 September 1950. Electric Boat changed its name to General Dynamics in 1952 under the company's new chairman and CEO, John Jay Hopkins. Honors
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