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Thu Feb 21, 2013, 10:30 AM


Ships Leaking $37 Billion Reflect Eisenhower’s Warning

Navy Secretary Ray Mabus confronted a tough choice in the competition to develop a small, speedy and adaptable ship to patrol close to shore in politically turbulent waters from the Persian Gulf to the South China Sea.

When opposing bids from teams led by Lockheed Martin Corp. (LMT) and Austal Ltd. (ASB) came in for less than the Pentagon projected, Mabus made a costly and unusual decision: Build both versions of the Littoral Combat Ship -- a conventional steel-hulled vessel and a sharp-angled aluminum alternative that has been compared to a “Star Trek” spaceship.

The 2010 decision guaranteed jobs in shipyards building the two designs and ensured political support from the communities and defense contractors that benefit. It also has added at least $400 million in taxpayer costs to support and maintain dual sets of ships over their lifespan, according to the Navy’s estimate.

As the Pentagon faces $500 billion in spending cuts over a decade that are set to begin March 1, the $37 billion program to design and build Littoral Combat Ships may become a target for reductions that would take business from Lockheed and Austal.



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Reply Ships Leaking $37 Billion Reflect Eisenhower’s Warning (Original post)
Purveyor Feb 2013 OP
raidert05 Feb 2013 #1
Kolesar Feb 2013 #2

Response to Purveyor (Original post)

Thu Feb 21, 2013, 10:49 AM

1. The...


LCS is a piece of crap...they should have just built more frigates..

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Response to Purveyor (Original post)

Thu Feb 21, 2013, 12:45 PM

2. derided by critics inside the Navy as the “Little Crappy Ship”

I thought this program had been going on longer.

Thanks for the update from Bloomberg!

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