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10 Mar 07
U.S. Navy weighs termination of Lockheed ship
The Navy is considering terminating the construction of a shore-hugging ship being built by Lockheed Martin Corp. due to cost overruns, Navy chief Adm. Mike Mullen said Thursday.In January, the Navy took the unusual step of ordering Lockheed to halt work
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The Navy is considering terminating the construction of a shore-hugging ship being built by Lockheed Martin Corp. due to cost overruns, Navy chief Adm. Mike Mullen said Thursday.
In January, the Navy took the unusual step of ordering Lockheed to halt work for 90 days on the littoral combat ship (LCS) because of soaring costs.
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