Lcs Contract News

 Underlying EBIT of $31.2m after excluding arbitration settlement related to 7-year-old claim.  Earnings growth from US shipyard. Lower throughput in Australian shipyard, as anticipated. Austal Limited today reported its results for the six months ended 31 December 2016, with a Net Profit After Tax of $9.3 million. Austal’s financial engine room in the USA, delivered a strong turnaround in earnings, with segment EBIT up 53% on the prior corresponding period (“pcp”) to $41.1 million. The earnings contribution from the Australian shipyard was lower than the half year prior as anticipated, as major vessel programs progressed through their design phase.

The U.S. Navy has awarded a contract to Austal Limited USA to provide engineering and management services support of the Post Shakedown Availability for Independence-variant Littoral Combat Ship (LCS) Gabrielle Giffords (LCS 10). The US$12 million cost-plus-award-fee order adds to Austal USA’s growing support business, which provides critical support to both the LCS and Expeditionary Fast Transport (EPF) fleets. Austal USA will provide design, planning, and material support services for Gabrielle Giffords (LCS10), including program management, materials planning, engineering and design, material kitting, liaison and scheduling. Austal USA is currently completing an 11-ship Independence-variant LCS contract for the U.S. Navy worth over US$3.5 billion.

The U.S. The Independence variant Littoral Combat Ship (LCS) program continues to progress, with the U.S. Navy reporting that USS Jackson (LCS 6) has completed the first of three scheduled full ship shock trial (FSST) blasts – the first ship to do so since 2008. The shock trials are designed to demonstrate the ship’s ability to withstand the effects of nearby underwater explosions and retain required capability. Furthermore, the U.S. Navy has modified shipbuilder Austal USA’s…

Austal Limited has been awarded a not-to-exceed $9,937,228 modification to a previously awarded Littoral Combat Ship (LCS) contract to provide procurement and engineering efforts in support of scope changes on fiscal 2015 and fiscal 2016 ships. This modification will incorporate additional accommodations to increase crew size on the LCS Independence-variant ships. Under the contract Austal will provide supplies, services, labor and materials, which includes program management and subcontracting management. Work is expected to be completed by August 2019. Funding in the amount of $7,452,921 will be obligated at the time of award. Austal has delivered three Independence-variant LCS to the U.S.

Austal USA was awarded a $14 million Littoral Combat Ship contract modification by the U.S. Navy to conduct special studies and analyses, the Navy announced this week. This is the second $14 million LCS modification contract for Austal USA this month. This award is an option exercised by the Navy to modify the original LCS 10-ship block-buy contract to allow for continued review of the program. “Our workforce is strong, the production line is hot, and our LCS program has a great deal of momentum right now,” said Austal USA President Craig Perciavalle. Austal will provide engineering and design services to reduce acquisition and lifecycle costs for the Independence-variant LCS. The company was awarded $14.656 million in LCS modifications, Mar.

Austal Limited has been awarded $14.656 million in modifications to a previously awarded Littoral Combat Ship (LCS) contract by the U.S. Department of Defense. Under the contract, Austal USA will perform planning and implementation of deferred design changes that have been identified during the construction period. The corrections and upgrades are necessary to support sail-away and follow-on post-delivery test and trials period. The cost-plus contract modifications exercise options…

Austal USA has been awarded a contract for $51,684,797 to its 10-ship $3.5 billion Littoral Combat Ship (LCS) contract for the U.S. Navy. This contract modification is expected to increase to $198,385,545 over three years if options are exercised. This work includes design services for upgrades to the LCS and preliminary design for the U.S. Navy’s future Frigate. facility in Mobile, Ala. “This work lays a solid foundation for our growing support business and will continue to grow as these ships deliver and enter the fleet,” said Perciavalle. Austal’s LCS and Frigate design services consist of special studies supporting engineering design and trade-offs…

Austal inform that its USA’s order backlog has grown by approximately US$684-million dollars as a result of two additional Littoral Combat Ship (LCS) contract options being exercised by the United States Navy. The contract options fund construction of the LCS 18 and LCS 20, the seventh and eighth ships in the 10-ship block buy award made to an Austal-led team in December 2010 in a 10-ship program potentially worth over US$3.5-billion. Chief Executive Officer Andrew Bellamy said the company’s U.S. Navy programs provide revenue and workload for years to come.

Austal USA gains additional Littoral Combat Ship (LCS) work contract. The United States Department of Defense has announced that Austal USA has been awarded a US$19.987-million modification to a previously awarded Littoral Combat Ship (LCS) contract. The modification exercises options for class service efforts and special studies, analyses and reviews for the LCS program. Austal USA will assess engineering and production challenges, and evaluate the cost and schedule risks, from affordability efforts to reduce LCS acquisition and lifecycle costs. Work is expected to be completed by March 2014.

The US Navy has exercised contract options with Austal USA for the construction of LCS 14 & LCS 16. Austal USA’s order backlog has grown by approximately $681.7 million dollars as a result of two additional Littoral Combat Ship (LCS) contract options being exercised by the United States Navy. The contract options fund construction of the LCS 14 and LCS 16, the fifth and sixth ships in the 10-ship block buy award made to an Austal-led team in December 2010. That 10-ship program is potentially worth over $3.5 billion. Austal has been contracted by the U.S.

Austal USA’s order backlog has grown by $691 million dollars as a result of two additional Littoral Combat Ship (LCS) contract options being exercised by the United States Navy. The contract options fund construction of the Gabrielle Giffords (LCS 10) and Omaha (LCS 12), the third and fourth ships in the 10 ship block buy award made to an Austal-led team in December 2010. That 10 ship program is potentially worth over $3.5 billion. Reflecting its growing stature in naval shipbuilding, Austal USA now holds confirmed contracts for 14 U.S. Navy ships while Austal’s Australian shipyard expects to build eight patrol boats for the Australian Customs and Border Protection Service. The U.S.

L-3 Maritime Systems has been awarded a contract from General Dynamics Advanced Information Systems to supply its Seaframe Control System for the next Independence variant Littoral Combat Ship (LCS). The contract is for the first ship and includes options for an additional 14 ships. L-3 Maritime Systems’ Seaframe Control System will provide advanced automation and control of the ship’s propulsion, electrical, ventilation and other machinery systems. The system’s automation capabilities successfully achieve the reduced manning requirements mandated for the U.S. Navy’s newest class of surface ship combatants. “We are pleased to deliver affordable, open architecture solutions to the U.S.

Lockheed Martin Corp., Baltimore, Md., is being awarded a fixed-price-incentive contract for the fiscal 2010-2015 block buy of Flight 0+ Littoral Combat Ships (LCS). The fiscal 2010 LCS Flight 0+ ship award amount is $436,852,639. There are additional line items totaling $54,742,639 for technical data package, core class services, provisioned items orders, ordering, a not-to-exceed line item for non-recurring engineering, and data items. The total amount of the contract is $491,595,278. The contract includes line items for nine additional ships and options for post delivery support, additional crew and shore support, special studies…

The USA division of Australian-headquartered Austal has been awarded a U.S. Navy contract to construct one Independence Class Littoral Combat Ship (LCS). The total value of the contract is $432.1m. The contract includes options for nine additional vessels in the following five years. Austal will immediately commence preparation work including a $140m facility expansion and workforce development which will take approximately 12 months to complete. Construction of the first LCS vessel will commence in early 2012 and is scheduled for delivery in 2015.

Austal has officially opened its new Modular Manufacturing Facility (MMF), equipping its U.S. shipyard with the ability to build up to three 328-ft-plus vessels each year. Phase One of the new $88m facility boasts 35,000m2 of manufacturing space under one roof, including a 7900m2 warehouse, as well as paved parking for more than 2000 vehicles. An official ribbon-cutting ceremony celebrating the completion of Phase One was held at Austal’s Mobile, Ala. shipyard. The event was attended by more than 300 dignitaries, including Alabama Governor Bob Riley, U.S.

Building fast RoPax vessels is nothing new for Australia's Austal Ships. The company, founded just 16 years ago, has quickly crafted a reputation as one of the largest and best builders of aluminum craft in the world, and today boasts an annual turnover in excess of $250 million. Spirit of Ontario, however, is in a different league. The ship arrived last month from its birth place Down Under to start work for Canadian American Transportation System on the commuter route between Rochester, NY, and Toronto, ON. Its inaugural route to work took it on tours through the Hawaiian Islands and eventually to Pier 17 at New York City's South Street Seaport…

Lockheed Martin Corp. detail design and construction of the Flight 0 Littoral Combat Ship (LCS). ($423,381,195 including all options). of up to two LCS Flight 0 ships ($536,020,688 including all options). Arlington, Va., Mobile, Ala. Works). Contract funds will not expire at the end of the current fiscal year. Naval Sea Systems Command, Washington, D.C., is the contracting activity.

Lockheed Martin Corporation – Maritime Systems & Sensors, Moorestown, N.J. ($46,501,821) and General Dynamics - Bath Iron Works, Bath, Maine ($78,798,188) are each being awarded contract options for final system design with options for detail design and construction of up to two Flight 0 Littoral Combat Ships (LCS). "Today’s Littoral Combat Ship decision represents an important milestone for the warfighter and the acquisition team," said John Young, assistant secretary of the Navy for research, development and acquisition. "The acquisition team is successfully changing how we buy ships – completing the source selection on schedule and developing affordable designs that can adapt to changing technology.

Lockheed Martin Corporation - Maritime Systems & Sensors, Moorestown, N.J. ($46,501,821) and General Dynamics - Bath Iron Works, Bath, Maine ($78,798,188) are each being awarded contract options for final system design with options for detail design and construction of up to two Flight 0 Littoral Combat Ships (LCS). "Today's Littoral Combat Ship decision represents an important milestone for the warfighter and the acquisition team," said John Young, assistant secretary of the Navy for research, development and acquisition. Operational experience and analyses indicate that potential adversaries will employ asymmetric capabilities to deny U.S. and allied forces access in critical coastal regions to include strategic chokepoints and vital economic sea lanes.

The U.S. Navy Thursday said it was canceling a widely criticized Lockheed Martin Corp. contract to build a next-generation combat ship after negotiations to control cost overruns failed. Lockheed Martin Corporation expressed disappointment over the U.S. Navy's decision to terminate its contract for construction of the second of two new Littoral Combat Ships (LCS.) The Navy announced the action at the expiration of a 90-day stop work order imposed on the second ship in January to allow the service time to review costs associated with construction of the first LCS. On March 15, Navy Secretary Donald Winter announced that the stop work order would be lifted only if Lockheed Martin agreed to accept a fixed price incentive contract for its second ship.

Adm. Michael Mullen, the Navy's Chief of Naval Operations, said Thursday that Lockheed Martin Corp. could lose part of its Littoral Combat Ship contract, depending on the results of a pending review, as reported in Business Week. Bethesda, Md.-based Lockheed Martin is on contract to build two ships, dubbed LCS 1 and LCS 3. The first ship is under construction and considerably over budget, which recently prompted the Navy to halt work on LCS 3. The Navy is on course to decide in the next few weeks whether to move to termination or to continue the program for LCS 3 according to reports. The Navy plans to build 55 of the new ships, which are designed to hunt mines, submarines and small enemy boats in coastal waters.

The future of the U.S. Navy is pictured on this month’s cover, the three designs that will battle to become the reality known as the Littoral Combat Ship (LCS) — a family of up to 60 (relatively) small, fast, flexible vessels designed to serve a major role in the “plug and play” military operations of the future. At press time, the American Shipbuilding Association (ASA) was lamenting the fact that the Senate had effectively cut two ships from the President’s 2004 Budget Request — the zeroing of two T-AKE Combat Force Logistics Ships — and was lobbying hard for their reinstatement. The action does appear particularly capricious at this time, considering the tremendous stress already placed upon a short-handed naval force and the exhibition of its dominance in recent overseas matters.