According to reports, U.S. Navy awarded a Lockheed Martin (LMT)
-led team nearly $198m for construction of the Navy’s third Littoral Combat Ship. This is the second LCS awarded to the Lockheed Martin team.
Bollinger anticipates doubling its Lockport work force from 500 to nearly 1,000 to handle the work.
The Lockheed Martin team will begin construction in the first quarter of 2007 at Bollinger Shipyards in Lockport. The Navy considers
LCS its No. 1 budget priority.
The ship will be delivered to the Navy in 2009.
Bollinger has already played an active role in the LCS program. During the construction of the first LCS, Freedom, Bollinger constructed one of the ship’s stern modules, training their Lockport work force on LCS processes and demonstrating the capabilities of the team.
Freedom is under construction at Marinette Marine in Marinette, Wis. The ship will be christened this fall and delivered to the U.S. Navy in 2007.
Source: New Orleans City Business