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Lockheed Martin Aeron. Systems Inc.

Lockheed Martin Team Approved to Begin Detail Design and Construction on First Littoral Combat Ship

Washington (ots/PRNewswire)

The U.S. Navy today awarded a
Lockheed Martin-led team US$ 188.2 million to commence detail design
and construction of the first Littoral Combat Ship (LCS), a
revolutionary new class of naval combatant designed to dominate the
world's coastal waters. The option was exercised under the LCS final
system design contract, awarded to the Lockheed Martin (NYSE: LMT)
team in May 2004.
The Lockheed Martin team will begin construction of the lead ship
at Marinette Marine in Marinette, WI, in the first quarter of 2005
and deliver it to the U.S. Navy in late 2006. The team is using
common tools and proven processes to ensure a seamless transition
from design to construction for on-time and on-budget delivery.
"We are honored to partner with the U.S. Navy to build the lead
LCS and provide the first ever ship in this transformational new
class of surface combatants," said Carol Hulgus, vice president and
general manager of Lockheed Martin Maritime Systems & Sensors'
Littoral Ships & Systems line of business. "Our exceptional design
for a flexible, maneuverable and high-performance ship is combined
with our team's proven experience in delivering ships on schedule and
cost."
The Lockheed Martin team design, a proven semi-planing steel
monohull, provides outstanding agility and high-speed maneuverability
with known seakeeping characteristics to support launch and recovery
operations, mission execution and optimum crew comfort. The Lockheed
Martin-led team includes naval architect Gibbs & Cox and shipbuilders
Marinette Marine, a subsidiary of The Manitowoc Company, Inc. (NYSE:
MTW), and Bollinger Shipyards and best-of-industry domestic and
international teammates to provide a low-risk, affordable LCS
solution.
LCS provides the Navy with fast, maneuverable, shallow-draft ships
aimed at maximizing mission flexibility. Ensuring littoral
battlespace access and dominance, the ship's first missions will
include mine warfare, anti-submarine warfare and surface warfare. LCS
will also be a FORCEnet enabler, sharing tactical information with
other naval ships, submarines, aircraft, joint units and LCS groups.
Headquartered in Bethesda, MD, Lockheed Martin employs about
130,000 people worldwide and is principally engaged in the research,
design, development, manufacture and integration of advanced
technology systems, products and services.
For additional information, visit our website:
                            http://www.lmlcsteam.com
Web site: http://www.lmlcsteam.com

Contact:

Media: Erica Rychwalski, Lockheed Martin, +1-202-863-3412, cell:
+1-703-622-2872, erica.rychwalski@lmco.com