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Navy Funds Three LCSs

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Navy Funds Three LCSs
The USS Independence (LCS-2). (Photo: U.S. Navy(

The Navy has released funding for three Littoral Combat Ships (LCS) for the 2015 fiscal year, sending $691 million to Austal USA for two Independence variants and $362 million to Lockheed Martin [LMT] for one Freedom variant.The Navy also released $79 million in funding to Lockheed Martin for the advanced procurement for an LCS slated to go under contract in fiscal 2016. The money was sent to the contractors on Tuesday.The Austal USA trimaran ships will hull numbers 22 and…

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