By Emelie Rutherford A lawmaker who leads a Navy panel in Congress said he is pleased with the service's new acquisition strategy for the cost-challenged Littoral Combat Ship (LCS) program but wants to see strict cost controls put in place for it. The Navy said last Wednesday it will select in fiscal year 2010 one LCS design from the two competing industry teams, led by Lockheed Martin [LMT] and General Dynamics [GD]. The service plans to award fixed-price contracts for…
House Panel Leaders Mainly Positive About New Littoral Ship Plan
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