U.S. Navy said due to award Lockheed ship deal

The U.S. Navy is poised to award Lockheed Martin Corp a contract for a second Littoral Combat Ship after wrapping up tough negotiations with the No. 1 U.S. defense contractor, three sources familiar with the discussions told Reuters on Monday.

The Navy is expected to announce the deal this week, possibly as early as Monday, but it does not plan to disclose a final price, since it is still in negotiations with General Dynamics Corp about the second ship it is to build.

Navy acquisition chief Sean Stackley is due to visit the Alabama shipyard where General Dynamics is building its first ship on Tuesday, according to two of the sources.

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