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CLAIM #25769 · GD (GD) · 2026Q1 earnings call · Apr 29, 2026 · due Dec 31, 2027

So we are progressing towards that. I won't get into the specific rates that we're currently producing at. But suffice to say that it's up significantly over last year already. And the path to 2 Virginias and 1 Columbia per year. I can't predict the exact timing, but we are on the way there. And certainly, that is the target.

Danny Deep · President

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Annual submarine delivery rate: Virginia-class boats delivered per year and Columbia-class boats delivered per year

It came true if: Virginia-class deliveries reach 2 per year AND Columbia-class deliveries reach 1 per year

Where: Company-disclosed delivery figures (10-K, earnings call commentary, or Navy shipbuilding reports)

In context

k, I think you should think about it as a story of throughput. And I think both in terms of labor output, and so more earned hours as well as material. So both of those things. But I think what drives it? I mean, obviously, there's always a mix change quarter-to-quarter. But what has been driving that growth is throughput and that throughput is both labor and material. Douglas Harned: So when you look at the throughput now, how do you see this as sort of getting on the way to the goal of, say, 2 deliveries per year for Virginia class, that target that's been so difficult to progress against over time. Danny Deep: Sorry, can you repeat that? How are we doing towards the delivery of 2 per year? Is that the question? Douglas Harned: Yes, it is. Progressing towards that, yes. Danny Deep: Yes. So we are progressing towards that. I won't get into the specific rates that we're currently producing at. But suffice to say that it's up significantly over last year already. And the path to 2 Virginias and 1 Columbia per year. I can't predict the exact timing, but we are on the way there. And certainly, that is the target. But I don't think it's prudent to get into specific rates over this call. Nicole Shelton: So Audra, I think we have time for one more question. Operator: And that question will come from Scott Mikus at Melius Research. Scott Mikus: Jim, very nice results. Just a couple of quick questions on Colombia [indiscernible] 2, Virginia Block VI contract. Just wondering when you're expecting that to be awarded and then also going back to Rob's question earlier on the supply chain in, is there any change that you or the Navy could dual source the steam turbine on the Columbia program to improve supply chain resilience? Danny Deep: Yes. So as it relates to Block VI and [indiscernible] 2, we have had and have been in ongoing and detailed discussions with the Navy on that, and we'll update you in more

Verify independently

SEC filings for GD · Claim quote is verbatim from the 2026Q1 earnings call.