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Lockheed Martin-Led Team Awarded $US188.2 Million for Littoral Combat Ship Design and Construction

Strategic Insights

— 1 min read

The U.S. Navy has awarded a Lockheed Martin-led team $US188.2 million to commence the detail design and construction of the first Littoral Combat Ship (LCS), a revolutionary new class of naval combatant designed to dominate the world's coastal waters. The Lockheed Martin team will begin construction of the lead ship at Marinette Marine in Marinette, WI, in the first quarter of 2005, and deliver it to the U.S. Navy in late 2006. The LCS is designed to provide the Navy with fast, maneuverable, shallow-draft ships aimed at maximizing mission flexibility.

Key Takeaways:

  • The Lockheed Martin-led team has been awarded $US188.2 million to commence the detail design and construction of the first LCS, with the lead ship to be constructed at Marinette Marine in Marinette, WI.
  • The LCS is designed to provide the Navy with fast, maneuverable, shallow-draft ships aimed at maximizing mission flexibility.
  • The first missions of the LCS will include mine warfare, anti-submarine warfare, and surface warfare.
  • LCS will also be a FORCEnet enabler, sharing tactical information with other naval ships, submarines, aircraft, joint units, and LCS groups.
  • The Lockheed Martin team includes naval architect Gibbs & Cox and shipbuilders Marinette Marine, a subsidiary of The Manitowoc Company, Inc.
  • The LCS design features a proven semi-planing steel monohull, providing outstanding agility and high-speed maneuverability with known seakeeping characteristics.

Statistics:

  • $US188.2 million: The amount awarded to the Lockheed Martin-led team for the detail design and construction of the first LCS.
  • 2005: The first quarter of the year in which the Lockheed Martin team will begin construction of the lead ship at Marinette Marine.
  • 2006: The year in which the lead ship is expected to be delivered to the U.S. Navy.
  • 130,000: The number of people employed by Lockheed Martin worldwide.
  • 2004: The year in which the LCS final system design contract was awarded to the Lockheed Martin team.

Sources:

  • PRNewswire-AsiaNet - The U.S. Navy today awarded a Lockheed Martin-led team $US188.2 million to commence detail design and construction of the first Littoral Combat Ship.
  • Lockheed Martin -0- 12/15/2004 CONTACT: Media: Erica Rychwalski, Lockheed Martin, +1-202-863-3412, cell: +1-703-622-2872, erica.rychwalskilmco.com
  • Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/534163.html/ FCMN Contact: kenneth.b.rosslmco.com Web site: http://www.lmlcsteam.com (LMT MTW)

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