U.S. Navy Issues Contract Modification To Lockheed Martin To Construct, Procure Littoral Combat Ships

WASHINGTON, April 1, 2015 /PRNewswire/ — The U.S. Navy has issued a Lockheed Martin-led industry team a contract modification for one fully funded 2015 Littoral Combat Ship (LCS) valued at $362 million, along with $79 million in advanced procurement funding for a second ship. The balance of the second ship will be funded by Dec. 31, 2015.

The advanced procurement dollars approved by Congress provides the funding required to maintain the cost and schedule of the final block buy option. The award also includes a priced option for one additional fiscal year 2016 ship.

“We are proud to continue this partnership with the Navy in building the advanced Freedom-variant  littoral combat ship, and we thank the Navy for maintaining the cost and schedule for the block buy,” said Joe North, vice president of Littoral Ship Systems at Lockheed Martin Mission Systems and Training. “Thousands of people across the country contribute to this important program and will continue to do so as we transition to the new frigate upgrade in the coming years.”

The award comes as USS Freedom conducted a successful deployment to Southeast Asia in 2013 and is currently operating out of her homeport in San Diego, California, while USS Fort Worth is deployed until 2016. The USS Fort Worth is serving in the U.S. 7th Fleet to strengthen international relationships, visit more ports, engage in multi-regional naval exercises and further LCS capabilities using both manned and unmanned assets.

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