Navy Orders Lockheed to Stop Ship Work for Review

Monday, January 15, 2007
According to Reuters, the U.S. Navy ordered Lockheed Martin Corp. to halt work on one of its two littoral combat ships due to significant cost overruns, the service said on Friday. The Navy said Lockheed's work would be stopped immediately for 90 days, while costs are reviewed. The Navy would not disclose how much costs had risen, but defense officials called the overrun significant. The $1.3b littoral combat ship program is a major piece of the Navy's vision for its future fleet.

Lockheed, the top U.S. defense contractor, is building the first and third of the Navy's littoral combat ships, designed for closer-to-shore missions, while General Dynamics Corp. is building the second and fourth. Lockheed won the $198m contract in June for the second ship. According to the Navy, work will be stopped on the second ship because of cost overruns on both its vessels. U.S. Navy shipbuilding has been plagued by billions of dollars in cost overruns and lengthy schedule delays. The U.S. Government Accountability Office has estimated cost growth of 27 percent for first-in-class ships. Source: Reuters

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Alaska, Washington to build Arctic Icebreakers

Senator Lisa Murkowski, Alaska, and Senator Maria Cantwell, Washington, have introduced a bill that would authorize the Navy to build up six icebreakers for use by the U.

Launch of First Future Destroyer, Hobart

Speech delivered by the Minister for Defence, Kevin Andrews during the launch of Hobart - the first future destroyer: Thank you for being here on this very important day.

Russian, Azerbaijani Navy to Hold First Ever Joint Drills in Caspian Sea

About 10 Russian and Azerbaijani ships will take part in a joint naval exercise in the Caspian Sea for the first time; RIA Novosti cited the statement of Russia’s Southern Military District.

Coast Guard

5 Tunisian Migrants Die in Shipwreck

At least five Tunisian migrants died on Saturday when their boat sailing to Italy capsized off the Tunisian coast, officials said. "A migrant boat carrying

USCG Assists Sinking Vessel East of Nantucket

The Coast Guard is responding to a fishing boat taking on water 130 miles east of Nantucket, Massachusetts, Saturday. At about 12:45 a.m., the fishing vessel

Alaska, Washington to build Arctic Icebreakers

Senator Lisa Murkowski, Alaska, and Senator Maria Cantwell, Washington, have introduced a bill that would authorize the Navy to build up six icebreakers for use by the U.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2144 sec (5 req/sec)