
The Naval Sea Systems Command (NAVSEA) this week awarded two fixed-price firm target modifications to Lockheed Martin [LMT] and Austal USA for one and two FY 2018 Littoral Combat Ships (LCSs), respectively.The Navy said it would not release the contract values because it may release a competitive solicitation for additional LCSs in FY 2019 so the specific contract dollar numbers are “considered source selection sensitive information.”Lockheed Martin is the prime integrator for the odd-numbered Freedom-variant, built at Fincantieri’s Marinette Marine…