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Industry

Lockheed Martin receives USD481.7 million for long-lead items for Saudi Arabian ships

07 March 2018

Lockheed Martin received USD481.7 million in US foreign military sale (FMS) funding on 5 March for long-lead-time material in support of the construction of four Multi-Mission Surface Combatant (MMSC) ships for Saudi Arabia.

US Naval Sea Systems Command (NAVSEA) awarded the not-to-exceed undefinitised contract action for the work, which is expected to be completed by October 2024. About USD240.6 million in FMS funds is being obligated at time of award. The contract was not competitively procured.

The MMSC is based on Lockheed Martin’s Freedom-class variant of the Littoral Combat ship. With a range of 5,000 n miles (9,260 km) and capable of reaching speeds in excess of 30 kt, the MMSC will utilise the same combined diesel and gas propulsion system as the Freedom-class vessels.

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