Lockheed, Austal win U.S. coastal warship orders: Pentagon

Lockheed Martin Corp and Australia's Austal each won orders to build two more smaller warships for the U.S. Navy, while Lockheed beat out two rivals to remain the chief developer of the Aegis combat system, the Pentagon said Monday.

Lockheed won an order valued at $697 million to build two more of its steel monohull Littoral Combat Ships (LCS) for the Navy using fiscal 2013 funding, the Defense Department said in its daily digest of large weapons contracts. It said work on the two new Lockheed ships would be completed by July 2018.

The U.S. unit of Austal received a contract valued at $682 million to build two more LCS ships based on its aluminum-hulled, trimaran design for LCS ships for the Navy, with the work slated to be finished by June 2018, the Pentagon said.

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