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IDF Awards Lockheed Martin $2.3 Million For LCS Combat Systems Study

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Lockheed Martin [LMT] was awarded a $2.3 million foreign military sales contract to continue concept and preliminary design work on the proposed Israeli Navy's Littoral Combat Ship (LCS-I), the company said. Lockheed Martin will work with the U.S. and Israeli navies to develop a technical specification and acquisition cost package for the LCS-I combat system. As a result of briefings held in late 2004 on LCS, the Israel Defense Forces (IDF) approached the U.S. Navy about conducting a platform study…

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