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Lockheed Martin’s LCS-1 Awaiting Acceptance Trials, Company Waiting For FY ’08 Ship

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By Geoff Fein After completing two-weeks of builder's trials, Lockheed Martin's [LMT] Freedom (LCS-1) is waiting to begin acceptance trials and the company is awaiting word on whether it will be awarded a contract to build a Littoral Combat Ship (LCS) in FY '08, a company official said. Freedom completed 12 days of builder's trials in Lake Michigan on Aug. 8, and will begin acceptance trials Aug. 17, Fred Moosally, president of Lockheed Martin Maritime Systems and Sensors, told reporters…

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