Pentagon says Navy ships meeting likely this week

WASHINGTON, Nov 1 (BestGrowthStock) – Top U.S. defense officials
will probably meet this week to review the Navy’s new Littoral
Combat Ship program, a spokeswoman said.

The meeting of the Pentagon’s high-level Defense
Acquisition Board, which has been postponed several times,
should clear the way for the Navy to award a $5 billion
contract for its new class of modular coastal warships,
according to industry executives and Navy officials.

Lockheed Martin Corp (LMT.N: ) and Australia’s Austal
(ASB.AX: ) are locked in a close competition for a contract to
build 10 of the new modular warships and supply combat systems
for five more. Lockheed is offering a more traditional steel
monohull design, while Austal, teamed with General Dynamics
Corp (GD.N: ), is offering an aluminum trimaran.
(Reporting by Andrea Shalal-Esa, editing by Gerald E.
McCormick)

Pentagon says Navy ships meeting likely this week