Search Results for: Austal

Lockheed, Austal Win $1B For 4 Navy Combat Ships

Lockheed Martin (NYSE: LMT) and Australia-based shipbuilder Austal have each won separate contracts worth nearly $1.4 combined to build four battleships for the U.S. Navy. Lockheed will build two steel monohull Littoral Combat Ships under a $697 million contract and Austal’s U.S. unit will build two aluminum-hulled LCS ships for …

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DoD Announces $187M in Agreements With Five Vendors to Sustain Domestic Industrial Base

The Department of Defense has signed agreements worth $187M combined with five companies under the Defense Production Act Title III to help sustain domestic production capabilities and critical workforce during the COVID-19 pandemic. DoD said Friday the contracts were awarded to Austal’s U.S. arm, General Electric’s (NYSE: GE) aviation business, W International, Weber Metals and American Woolen.

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Navy Eyes Next-Gen Frigate Design, Construction Contract Award in July

The U.S. Navy plans to award in July a contract to design and build its first next-generation frigate, Defense News reported Tuesday. The competitors for the FFG(X) program are Huntington Ingalls Industries (NYSE: HII); Austal USA; Fincantieri; and the team of General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary and Navantia.

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Lockheed Wins Potential $125M Contract to Engineer Navy Guided Missile Frigate Combat System

Lockheed Martin (NYSE: LMT) has won a potential $124.9M contract to integrate and test a combat system on guided missile frigate vessels for the U.S. Navy. The service branch received three offers for the cost-plus-incentive-fee, cost-plus-fixed-fee, firm-fixed-price contract via FedBizOpps, the Department of Defense said Monday.

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Navy Awards FFG(X) Frigate Conceptual Design Contracts to 5 Firms

The U.S. Navy has awarded five companies separate contracts to provide a conceptual design of the service’s future guided missile frigate. The Naval Sea Systems Command received six proposals for the firm-fixed-price contracts as part of the FFG(X) ship program, the Defense Department said Friday. NAVSEA selected Austal‘s U.S. subsidiary, Fincantieri …

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USNI News: Lockheed to Secure Combat Mgmt System Contract for Navy’s Future Frigates

The Naval Sea Systems Command has announced plans to award a contract to Lockheed Martin (NYSE: LMT) to provide a common combat management platform for future frigates, USNI News reported Wednesday. Megan Eckstein writes the service branch’s intention to award the sole-source contract to Lockheed comes after its decision to …

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