U.S. Navy Asks Lockheed Martin to Fix LCS Problems

By Tony Capaccio (Bloomberg) -- Lockheed Martin Corp. is under orders from the U.S. Navy to correct quality control failures in building its version of the Littoral Combat Ship, an issue that has delayed deliveries and resulted in three citations from the service’s shipbuilding inspectors. The Navy’s supervisor of shipbuilding issued “Corrective Action Requests” in May, … [Read more...]

Harvey Gulf Dual Fuel OSV Gets First Lockheed Tank

The first of three NASA-inspired cryogenic fuel tanks designed by Lockheed Martin for Harvey Gulf’s U.S.-flagged dual fuel OSVs has been delivered to the shipyard and is ready integration with the LNG propulsion system. Weighing in at 250,000 pounds, the LNG tank built with U.S. steel will soon be used as part of a Wartsila LNG propulsion system for New Orleans-based Harvey … [Read more...]

Lockheed Martin Draws On Space Shuttle Expertise to Produce LNG Fuel Tanks for Ships

Lockheed Martin on Tuesday announced plans to develop and manufacture liquified natural gas fuel tanks for initial use on ships as the defense and aerospace contractor looks to leverage its expertise in the manufacture of Space Shuttle external tanks and capitalize on the rapidly growing demand for LNG as a transport fuel. The company has already received initial orders for … [Read more...]

U.S. Navy awards Lockheed Martin next Littoral Combat Ship contract

WASHINGTON -- The U.S. Navy has awarded a Lockheed Martin [NYSE: LMT]-led industry team $376 million to construct the nation's seventh Littoral Combat Ship (LCS). The fixed-price-incentive-fee contract provides funding for the second of 10 ships the Navy awarded to the Lockheed Martin team in December 2010. The contracts for the remaining eight ships will be awarded … [Read more...]

Littoral Combat Ship Contract Award Announced

WASHINGTON (NNS) -- The Navy has awarded Lockheed Martin Corp. and Austal USA each a fixed-price incentive contract for the design and construction of a 10 ship block-buy, for a total of 20 littoral combat ships from fiscal 2010 through fiscal 2015. The amount awarded to Lockheed Martin Corp. for fiscal 2010 littoral combat ships is $436,852,639. The amount awarded to Austal … [Read more...]