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Thursday, September 16, 2010

Lockheed Martin Submits Final Littoral Combat Ship Proposal to U.S. Navy

USS Freedom (LCS-1)The Lockheed Martin-led industry team submitted its final proposal revision for the Littoral Combat Ship (LCS) fiscal year 2010-2014 contract to the U.S. Navy today.

Lockheed Martin is one of two industry teams competing for the contract. The Navy will award the winning team a fixed-price incentive fee contract to provide up to 10 ships as well as combat systems for five additional ships.

“The Lockheed Martin team is providing a low-risk, affordable LCS option that will meet the U.S. Navy’s needs for years to come,” said Lockheed Martin Chairman and CEO Bob Stevens. “During my attendance at last month’s presentation to the Navy, I committed the full financial, technical and programmatic strength of our Corporation to the success of this critical program.”

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