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Ship Construction On New Lockheed Martin LCS To Begin In June

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By Carlo Munoz Lockheed Martin [LMT] will begin construction in June on the first Littoral Combat Ship (LCS) under the company's recent multimillion dollar deal with the Navy announced last month, and anticipates having the second ship under contract within the same time frame, according to a company executive. Company officials are in the midst of contacting supply vendors and subcontracting firms to line up the necessary manpower and materiels to begin construction, Lockheed Martin's vice president for Business Development…

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