MOSCOW, April 3 (Bernama-Sputnik/RIA Novosti) -- The United States (US) Navy has awarded General Dynamics Electric Boat a US$1.27 billion supplemental contract to conduct research, design work and technical support for the Virginia-class nuclear-powered attack submarine programme, reported Sputnik/RIA Novosti.
The contract includes an option to increase the total contract value to $2.49 billion, the US Department of War said.
"General Dynamics Electric Boat Corp., Groton, Connecticut, is awarded a US$1,265,790,364 cost-plus-fixed-fee modification to a previously awarded contract (N00024-20-C-2120) for lead yard support and development studies and design efforts related to Virginia-class submarines. This contract modification includes options which, if exercised, would bring the cumulative value of the contract change to US$2,491,982,722," the department said in a statement on Thursday.
Completion of the work is scheduled for April 2027.
Funding is being provided through various US Navy budget funds.
-- BERNAMA-SPUTNIK/RIA NOVOSTI
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