The Navy has released more than $1.3 billion in funding for the construction of four Littoral Combat Ships, two each to prime contractors Lockheed Martin [LMT] and Austal USA. The Navy announced the funding late Monday for the 13th 14th, 15th and 16th ships in the class designed for close-to-shore operations. The ships were already under contract under a block buy award for 20 of the vessels issued in 2010. The Navy said it was providing $696.6 million to Lockheed…
Navy Doles Out Funding For Four Littoral Combat Ships
Defense Daily Staff
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