The U.S. Navy has issued a Lockheed Martin-led industry team a $715 million contract modification to add funding for construction of two Littoral Combat Ships (LCS) – the third and fourth in a 10-ship contract awarded in December 2010.
The contract modification is for construction of Little Rock (LCS 9) and Sioux City (LCS 11). Construction on the first and second ships awarded under this contract, Milwaukee (LCS 5) and Detroit (LCS 7), is already underway. Two ships awarded under previous contracts include USS Freedom (LCS 1), currently being prepared for her next deployment, and Fort Worth (LCS 3), scheduled to be commissioned in September.
“Our shipbuilding program has benefitted greatly from our experience with USS Freedom, resulting in increased affordability and streamlined production,” said Joe North, vice president of littoral ship systems at Lockheed Martin’s Mission Systems & Sensors business. “We have listened to customer feedback from our lead ship and we continue to invest in areas that will bring additional efficiencies to the future LCS ships.”
Source: Lockheed Martin Corporation (NYSE: LMT)
Date: Mar 19, 2012