LCS contract for US Navy

Issue: 5 / 2018

The US Navy has ordered one Freedom-class LCS from Lockheed Martin and two Independence-class LCSs from Austal. Both companies are being awarded with fixedprice-incentive firm target modifications to previously awarded contracts. The DoD press release however does not specify the value of those modifications because the price-tag is considered to be a ‘source selection sensitive information’ as stated under US regulations.