Navy cost limits favor Lockheed Martin on LCS contract
The Lockheed Martin entry for the Navy's Littoral Combat Ship (LCS) contract is likely to be the sole winner of the competition, also contested by General Dynamics Corp. and Raytheon Co., due to its low-cost approach through the use of traditional designs and building techniques. With the Navy's move to cut the price per ship, inclusive of the mission modules, from $400 million to $250 million, Lockheed's cost-cutting moves such as the mono-hull design and external radar and antennas should prove advantageous.
Publication Name: Defense Today
Northrop gains $49 million work; completes drone review
The author examines the U.S. Navy contract awarded to Northrop Grumman Corp. for avionic systems for drone aircraft.
Publication Name: Navy News & Undersea Technology
- Abstracts: Northrop Grumman, Lockheed Martin in contractor ranks. Todd Shipyards gains $17.4 million for carrier overhaul
- Abstracts: Lockheed Martin wins $40 million in LGTR TUGV work. Earl Industries gains $8.2 million for carrier Truman work
- Abstracts: Bell-Boeing gains $817 million order for Osprey aircraft material. Bell-Boeing gains $22.2 million for V-22 Osprey program
- Abstracts: Lockheed Martin net profit plunges 25.1 percent on debt cuts. Northrop Grumman beats competitors with 16.8 percent profit gain