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General Dynamics to build new sub for Navy

The 2011 budget is re-energizing Navy ship building. The service will spend more than a billion dollars to build a new submarine. The Navy has given the contract to General Dynamics Electric Boat. The Navy had put new ship building projects on hold, while Congress hashed out a final spending plan for the year.

This story is part of Federal News Radio’s daily DoD Report. For more defense news, click here.