U.S. Navy Awards LCS Contracts

By Michael Fabey .

As anticipated, the U.S. Navy has awarded follow-on contracts worth about $745.2 million to teams led by Lockheed Martin and Austal USA for each to build another Littoral Combat Ship (LCS).

Lockheed received a $376.6 million contract modification to start the fiscal 2011 construction of its LCS version. Work is expected to be complete by April 2016 ...

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