LCS Purchase Approved by Congress

Thursday, December 23, 2010

According to a report from www.al.com, Congress approved a Navy plan on Dec. 21 to award a nearly $5b shipbuilding contract to Austal USA, doubling the size of the company’s Mobile shipyard and creating some 1,800 new jobs. The bill must be signed by President Barack Obama to become law. That signature allows the Navy to move forward with a plan, first proposed last month, to split the purchase of 20 vessels between Austal and Lockheed Martin Corp.

(Source: www.al.com)

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