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Reginal Thomas

Lockheed wins $279 million in U.S. Navy funding

Lockheed Martin Corp announced on Monday it received $279 million in remaining funding from the U.S. Navy for the construction of the future USS Cooperstown the 23rd Littoral Combat Ship. The investment comes on top of the $79 million advanced procurement funding released to Lockheed in March.

Joe North, Vice President at Lockheed’s Mission Systems and Training division, said his company already delivered three of the ships and remained committed to completing work on the remaining orders covered by a block buy agreement with the Navy. 

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