Lockheed Martin Submits Littoral Combat Ship Proposal: "A Lockheed Martin industry team submitted its proposal for the Littoral Combat Ship (LCS) fiscal year 2010-2014 contract to the U.S. Navy.
Lockheed Martin is one of two industry teams competing for the contract. The Navy will award the winning team a fixed-price incentive fee contract to provide up to 10 ships as well as combat systems for five additional ships. Two of the 10 ships would be acquired in fiscal 2010 and the rest via options through fiscal 2014."