Freedom-variant LCS

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The U.S. Navy has awarded a Lockheed Martin-led industry team a fixed-price-incentive-fee contract to construct up to 10 Littoral Combat Ships (LCS).

The first of the 10 ships will be acquired in 2010, at a contract value of $437 million, and the rest via options through 2015. If all options are exercised, the total value of the ship construction portion of the contract will reach approximately $3.6 billion.