Megan Eckstein writes the military service awarded Lockheed approximately $362 million for the construction of one LCS and about $79 million in advance procurement funds for another unit.
âThe $79 million is allowing us to procure the equipment we need… so getting the second ship awarded by Dec. 31 allows us to maintain the production schedule for the second ship, ” Joe North, Lockheed vice president of littoral ship systems, told USNI News.
Austal was awarded $691 million to construct the two additional warships, according to the report.
Both modifications fall under a pair of five-year, 10-ship block buy contracts and contain an option for an 11th LCS ship in fiscal 2016, Eckstein writes.