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 Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

US Navy Orders Demonstration Craft from Willard Marine

Willard Marine, Inc. (WMI) announced it has been selected through a solicitation process to supply a demonstration model of a new, advanced combatant craft for the U.

Legal

Court Dismisses Boating Industry’s Challenge to EPA Misfueling Rule

The National Marine Manufacturers Association (NMMA) said it is disappointed with the U.S. Court of Appeals decision released on Tuesday, October 21, 2014 for the D.

Lavrov: No need for NATO in the Arctic

During the open lecture on Russia’s foreign policy, Foreign Minister Sergei Lavrov stated that he could see no need for NATO presence in the Arctic. ‘From time to time,

ITIC Measures against Ebola

The International Transport Intermediaries Club (ITIC) has issued the following general advice related to the outbreak of Ebola. Vessels that have recently

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1656 sec (6 req/sec)