The U.S. Navy has awarded General Dynamics NASSCO a $218.7 million firm fixed-price contract for shipyard work on the USS Bonhomme Richard. The value of the deal could increase to as much as $249.2 million if the Navy exercises options on the contract.

The Wasp-class amphibious assault ship is 844 feet long, with a large, flat deck that can accommodate helicopters and certain jet aircraft. It can carry up to 1,871 U.S. Marines in addition to its crew. Two boilers on the ship supply steam for two geared turbines.

NASSCO will perform the work in San Diego. The program of maintenance, modernization and repair is expected to wrap up by May 2020.

The contract was competitively procured, with two offers received.

The Pentagon made the award Sept. 4 and publicly announced it on Sept. 6. The Naval Sea Systems Command of Washington, D.C. awarded the deal.

Shares of General Dynamics trade on the New York Stock Exchange under the symbol GD.