U.S. Navy Releases Pricing for LCS3 & 4

Sunday, December 06, 2009

As a result of the Navy's change in acquisition strategy for the Fiscal Year (FY) 2010 Littoral Combat Ship (LCS) program, the Navy can now release the pricing for LCS 3 and LCS 4 awarded contracts.

The total value of the LCS 3 contract, awarded to Lockheed Martin Corporation on March 23, was $470,854,144 which includes ship construction, non-recurring construction and additional engineering effort, configuration management services, additional crew and shore support, special studies and post delivery support.

The total value of the LCS 4 contract, awarded to General Dynamics - Bath Iron Works on May 1, was $433,686,769 which includes ship construction, non-recurring construction and additional engineering effort, configuration management services, additional crew and shore support, special studies and post delivery support.

The contract values do not include government costs which include government furnished equipment, change orders, and program management support costs. The contract values do not include the cost of continuation work and material used from the terminated original contract options for LCS 3 and 4. The value of the continuation work and material from the terminated LCS 3 was $78 million for Lockheed Martin Corporation and $114m from the terminated LCS 4 for General Dynamics/Bath Iron Works.

The dollar value of the fixed-price-type contracts awarded to each LCS prime contractor to procure two LCS seaframes in FY 2009 was previously considered source-selection sensitive information because the price of the FY 2009 ships was to be linked to the competitive solicitation for the FY 2010 ships. That solicitation was cancelled and a new acquisition strategy does not link the FY 2009 prices with the FYs 2010-2014 source selection, thereby allowing normal release of this contract data.

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Today in U.S. Naval History: August 1

Today in U.S. Naval History - August 1 1801 - U.S. schooner Enterprise captures Tripolitan ship Tripoli 1921 - Successful tests of gyroscopic high level bombsight

RIMPAC Draws ADF Closer to Amphibious Future

More than 800 Australian Navy, Army and Air Force personnel are on their way home after taking part in RIMPAC, the world’s largest naval exercise, which concluded in Hawaii today.

Greek Warship Evacuates Libya Personnel

Greece safely evacuated embassy staff and more than one hundred Chinese and European nationals from Libya early on Friday with a navy frigate sailing back to the Greek port of Piraeus,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Sonar
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: 0.0980 sec (10 req/sec)