Tag Archives: LCS

Six Firms Awarded $550M Navy LCS Maintenance IDIQ Ceiling Increase

six-firms-secure-550m-navy-lcs-maintenance-idiq-ceiling-increase

Six companies have received a $550M increase to potential value of orders under a multiple-award contract to sustain U.S. Navy littoral combat ships docked at various locations within and outside the continental U.S. This contract action raises the ceiling for five ordering periods on MAC Tier 1 from $250M to $800M, the Department of Defense said Tuesday.

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Lockheed to Sustain Navy LCS Combat Mgmt System Under Potential $790M Contract

Lockheed Martin (NYSE: LMT) has received a potential $789.6M contract from the U.S. Navy to provide sustainment and maintenance support for the combat management system of the service’s littoral combat ships. The sole-source contract for the Littoral Combat Ship Component Based Total Ship System – 21st Century program has a base amount worth $98.6M, the Department of Defense said Friday.

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Huntington Ingalls Awarded $932M Contract for Navy LCS Planning Yard Services

Huntington Ingalls Industries (NYSE: HII) has won a potential six-year, $931.7M contract from the U.S. Navy to provide planning yard services for in-service Littoral Combat Ships. HII said Wednesday its Ingalls Shipbuilding division will support the vessels’ post-delivery life cycle support and manage all maintenance and associated availability schedules. Ingalls …

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Lockheed, Austal Get Navy LCS Contract Modifications

Lockheed Martin (NYSE: LMT) and Austal‘s U.S. arm have received separate contract modifications to build three fiscal 2018 littoral combat ships for the U.S. Navy. The Defense Department said Tuesday Lockheed will develop one LCS and Austal USA will construct two ships under the fixed-price-incentive modifications awarded by Naval Sea …

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Raytheon Gets Potential $848M Contract to Help Navy Build ‘Over-the-Horizon’ Weapon System

Raytheon (NYSE: RTN) has secured a potential $847.6 million contract to produce an “over-the-horizon” weapon system for the U.S. Navy‘s littoral combat and frigate ships. OTH-WS will consist of a fire control suite and launching mechanisms with encanistered missiles, the Defense Department said Thursday. The firm-fixed-price contract has a $14.8 …

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Cubic to Enhance Virtual Training Environment for Navy’s LCS Fleet; Dave Buss Comments

TYSONS CORNER, VA, May 18, 2018 — The U.S. Navy has awarded Cubic’s (NYSE: CUB) global defense unit eight delivery orders with a $16 million combined value to update a virtual training environment for the service branch’s Littoral Combat Ships, ExecutiveBiz reported May 10. Cubic said May 10 it will add …

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Lockheed-Led Team Christens Navy’s Future USS Indianapolis LCS

TYSONS CORNER, VA, April 17, 2018 — An industry team led by Lockheed Martin (NYSE: LMT) has hosted the christening ceremony for the U.S. Navy’s 17th Littoral Combat Ship at a shipyard in Marinette, Wisconsin, ExecutiveBiz reported Monday. The company said Saturday the future USS Indianapolis ship will continue to undergo …

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Thomas Kennedy: Raytheon Eyes Larger Share of $8B Over-the-Horizon Missile Market

Thomas Kennedy, chairman and CEO of Raytheon (NYSE: RTN), has said he expects the company to gain a controlling share of a potential $8 billion market for surface-to-surface missiles over a decade, Defense News reported Tuesday. Kennedy said Thursday at the company’s earnings call that the proposed Naval Strike Missile …

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