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Friday, September 25, 2009

US Navy 5-year plan to cut littoral ships, other weapons

USS IndependenceThe U.S. Navy has proposed a new five-year budget that cuts by almost half its purchases of a new warship that operates close to shore, a potential blow to Lockheed Martin Corp. and General Dynamics Corp, Bloomberg reported.

The Navy would buy 15 of these ships through 2015, down from 29 in its plan of a year ago, and trim spending overall by 4.5 percent, according to an unreleased budget document. That’s the goal set by top Defense Department officials.

Lockheed and General Dynamics are the prime contractors for the new Littoral Combat Ship. Each has a contract to build two and would have to compete for contracts for the next 15.

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