Report: Lockheed Could Lose LCS Contract

Thursday, March 08, 2007
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 service hasn't yet decided whether it wants to settle on just one design or keep competition through the life of the program. Mullen said shipbuilding is a big priority for the Navy, but new ships need to be affordable. He welcomed comments from lawmakers like Rep. John Murtha, D-Pa., and Rep. Gene Taylor, D-Miss., in support of adding ships to the Navy's budget. But he said it isn't clear exactly how the Navy could bulk up its fleet without disrupting its current shipbuilding plan and budget outlook. For example, Mullen said the Navy believes the best course for its Virginia-class submarines is to build just one vessel per year until 2012. Taylor's House Armed Services Committee subcommittee is scheduled to hold a hearing Thursday on whether to build two submarines per year.

Maritime Today


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

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

Contracts

Asian Traders Unload Floating Gasoline as Market Flips

Gasoline shifted from tankers to landed storage or sold off; forward gasoline prices to flip to backwardation from July. The number of tankers storing gasoline

Bulgaria, Greece to Consider Greek LNG terminal

Bulgarian state energy holding company BEH and Greek natural gas company Gastrade have set up a joint task force to prepare a proposal to build an off-shore liquefied

Harding Sold to Palfinger

The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group.

Legal

Seaway Stakeholders File Suit Against US Coast Guard

Ports and vessel operators challenge what they call “flawed pilotage fees”   A coalition of U.S. Great Lakes ports, vessel operating companies and maritime trade

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Striking Port Workers Protest Greek Port Sales

Greek port workers walked off the job for a sixth day on Tuesday and marched through central Athens to protest the state-sanctioned selloff of the country's two largest ports,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.0843 sec (12 req/sec)