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Navy Awards Lockheed Martin Contract For LCS-3

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By Geoff Fein The Navy yesterday awarded Lockheed Martin [LMT] a contract for the third Littoral Combat Ship (LCS), but the award amount was not made public due to the ongoing competition for the program. This is the first contract award for the program since cancelation of LCS-3 in 2007. The Flight 0+ LCS-3, the USS Fort Worth, will be built at Marinette Marine [MTW] in Marinette, Wis. The ship was named earlier this month by then-Navy Secretary Donald Winter.…

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