The U.S. Navy has awarded a $376 million contract to a Lockheed Martin-led industry team 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. The contracts for the remaining eight ships will be awarded through 2015.
Marinette Marine Corp., a Fincantieri company, will construct the ships in Marinette, Wis., and naval architect Gibbs & Cox will provide engineering and design support, according to Bethesda, Md.-based Lockheed Martin.
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