Article: Navy to launch high-stakes contests for littoral ships.(Front)

By Tony Capaccio

Bloomberg News

The Navy this week detailed a new winner-take-all competition to build its family of warships for operating close to shores around the world.

The winner, to be announced in 2010, would build 10 warships through 2015 and provide the design that would become the baseline for the entire 55-ship fleet of Littoral Combat Ships.

Teams led by Lockheed Martin Corp. and General Dynamics Corp. have contracts for the first four vessels. The Navy, after soliciting bids for the next three, pulled back the bids because the proposed prices were too high, Navy officials said Wednesday .

"Based on the proposals ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!