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Two companies win $77 billion submarine contracts; hiring surge expected

The Navy called the awards a “historic investment” and the biggest shipbuilding contract in modern American history.

Published Jul 30, 2026, 1:11 PM EDT | LehighValleyLive

Two companies have secured $77 billion in defense contracts to build 14 new submarines, as the U.S. Navy touted a “historic investment in maritime modernization and supremacy.”