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Navy Awards Dual Contracts For LCS Program

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By Carlo Mu-oz The Navy late last month awarded dual multimillion procurement deals to Lockheed Martin [LMT] and Austal USA to build the sea service's next generation Littoral Combat Ship (LCS). The 20-ship deal will be split down the middle, with separate 10-ship contracts being awarded to both companies, according to a Dec. 29 service statement. The Lockheed Martin team was awarded $437 million for development and construction on its half of the LCS, while Austal USA won $432 million…

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