"General Dynamics Electric Boat Corporation [of] Groton, Connecticut, is awarded a $532,921,125 cost-plus-fixed-fee modification to [a] previously awarded contract for Lead Yard Support and Development Studies and Design efforts related to Virginia-class submarines," the Defense Department said in a press release on Monday.
The contract modification includes options which, if exercised, would bring the cumulative value of the modification to $813.7 billion, release said.
Almost all work on the contract will be performed in Groton, Connecticut (99%) and is expected to be completed by October 2023, the release added.