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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

This Day In Naval History: May 6

1860 - The sloop-of-war Portsmouth, commanded by John Calhoun, captures the slaver brig Falmouth off Porto Praya. 1908 - The Great White Fleet anchors in San Francisco Bay, Calif.

From Whales to Silver Foxes to Refugees: EMILY Robot is A Lifesaver

She’s tough—capable of punching through 30-foot waves and riptides or smashing into rocks and reefs. But she’s also tender, providing hope to those in peril.   Meet

China: S.China Sea Criticism Could Have Ramifications

International criticism of China over the disputed South China Sea will rebound like a coiled spring, a Chinese diplomat said on Friday, as a U.S. warship visited

Coast Guard

Injured Fisherman Rescued off New Jersey

An injured fisherman was rescued by the U.S. Coast Guard on Friday 62 miles east of Cape May, N.J.   A crew member from the fishing vessel Stacy Lee called Coast

Coast Guard, Homeland Security Open Joint R&D Facility

Coast Guard Research and Development Center along with DHS Science and Technology Directorate officially open a new Science and Technology Innovation Center   The

US Aims to Recover El Faro VDR in Next Few Months

The U.S. National Transportation Safety Board hopes to recover the voyage data recorder from the cargo ship El Faro, which sank during a hurricane killing all 33 crew on board,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.0721 sec (14 req/sec)