From the report
The Constellation (FFG-62) class frigate program, previously known as the FFG(X) program, is a Navy program to build a class of 20 guided-missile frigates (FFGs). Congress funded the procurement of the first FFG-62 class ship in FY2020 at a cost of $1,281.2 million (i.e., about $1.3 billion). The Navy’s proposed FY2021 budget requests $1,053.1 million (i.e., about $1.1 billion) for the procurement of the second FFG-62 class ship. The Navy estimates that subsequent ships in the class will cost roughly $940 million each in then-year dollars.
Four industry teams were competing for the FFG-62 program. On April 30, 2020, the Navy announced that it had awarded the FFG-62 contract to the team led by Fincantieri/Marinette Marine (F/MM) of Marinette, WI. F/MM was awarded a fixed-price incentive (firm target) contract for Detail Design and Construction (DD&C) for up to 10 ships in the program—the lead ship plus nine option ships.
The other three industry teams reportedly competing for the program were led by Austal USA of Mobile, AL; General Dynamics/Bath Iron Works (GD/BIW) of Bath, ME; and Huntington Ingalls Industries/Ingalls Shipbuilding (HII/Ingalls) of Pascagoula, MS.