Lockheed Martin (LMT) Wins $79M Deal to Support LCS Program Zacks.com 2 hrs ago
Lockheed Martin Corp.’s LMT Rotary and Mission Systems (RMS) business division recently secured a $72.2-million modification contract to support sustainment of the Littoral Combat Ship Component Based Total Ship System (COMBATSS-21) and associated combat system elements. The contract was awarded by the Naval Sea Systems Command, Washington, D.C.
Majority of the work related to the deal will be conducted in Jarfalla, Sweden. The work is expected to be completed by May 2022.
COMBATSS-21 Specifics
Littoral Combat Ship Component Based Total Ship System – 21st Century, also known as COMBATSS-21, is a combat management system developed for the U.S. Navy s Freedom variant of the Littoral Combat Ship (LCS) based on the Aegis combat management system. The COMBATSS-21 includes the Aegis Common Source Library (CSL) and features open architecture. COMBATSS-21 includes the radar, gun weapon system, missile
China Shipbuilding Industry Report 2021: China s Shipbuilding Completion Volume Fell by 27.3% in Q120 Due to COVID-19
February 11, 2021 05:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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Shipbuilding is a modern and comprehensive industry of strategic importance that provides technical equipment to industries such as water traffic, ocean development and national defense.
China s shipbuilding industry has been developing rapidly with the government s policy support and cost advantages since the beginning of the 21st century. China-made mainstream ships including container ships, bulk carriers and oil tankers and high-end ships including liquefied gas carriers have certain competitive advantages on the international market. In the recent decade, the global shipbuilding industry presented a market structure of tripartite China-South Korea-Japan competition.