Home / Contract Awards / Lockheed, Austal Land Navy Contract Modifications for Freedom, Independence LCS

Lockheed, Austal Land Navy Contract Modifications for Freedom, Independence LCS

Littoral-Combat-ShipLockheed Martin (NYSE: LMT) and Austal have been awarded separate contract modifications to build two fiscal 2016 littoral combat ships for the U.S. Navy.

Lockheed will build one Freedom-variant warship (LCS 25) under a $564 million contract modification and Austal’s U.S. business will construct an Independence-variant combat vessel (LCS 26) for another $564 million, the Defense Department said Thursday.

The service branch awarded the modifications to exercise options in previously awarded contracts, DoD added.

Contract line items for each LCS include seaframe construction, ship systems equipment and systems tests and integration.

Both contractors are scheduled to complete contract work by July 2020, according to DoD.

The Naval Sea Systems Command will obligate the full amount for each contract modification from the military branch’s shipbuilding and conversion funds for fiscal 2016.

Check Also

IndraSoft to Help Transform Air Force Software Dev’t Under $95M Basic Ordering Agreement

The Air Force Life Cycle Management Center has awarded IndraSoft a potential five-year, $95M basic ordering agreement to support a software development transformation initiative within AFLMC's cryptologic and cyber systems division.

Boeing Lands $92M Contract for Navy, Kuwait Aircraft Engineering Services

Boeing (NYSE: BA) has received a potential five-year, $92.3M contract to engineer aircraft and weapon systems for the U.S. Navy and the government of Kuwait.