USN Awards LCS Block-Buy Deals Worth USD1.2 Billion

While the US Navy (USN) starts building its requests for proposals for its new frigates, the service is still bolstering its fleet of Littoral Combat Ships (LCS) with two 6 October contract awards worth a combined total of about USD1.2 billion for the next block-buy deals for the vessels, split evenly between the two contractor teams building the...

While the US Navy (USN) starts building its requests for proposals for its new frigates, the service is still bolstering its fleet of Littoral Combat Ships (LCS) with two 6 October contract awards worth a combined total of about USD1.2 billion for the next block-buy deals for the vessels, split evenly between the two contractor teams building the ships.

The USN awarded both Austal USA and Lockheed Martin fixed-price-incentive firm target contract modifications worth about USD584.2 million each to exercise the option for construction of one fiscal year (FY) 2017 LCS vessel for each team’s shipyard.

The modification calls for the companies to perform and oversee all necessary design, planning, construction and test, and trials activities in support of delivery of each ship to the USN.

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Source: www.janes.com