LOCKHEED MARTIN, (LMT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LOCKHEED MARTIN, (LMT)

LMT 493.09

+1.6%

9:57 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: P2V who wrote (683)	10/31/2001 8:25:28 AM
From: GC	Read Replies (1) of 732

Navy to Scrap Plans to Build Destroyer - WSJ Wed Oct 31, 2001 - 04:38AM NEW YORK - Senior Pentagon and Navy officials are scrapping plans to build the multibillion-dollar DD-21 destroyer in favor of building a "family of ships'' that are more efficient and more affordable, The Wall Street Journal reported on Wednesday. The paper said that the Pentagon and the Navy could announce, as early as Wednesday, that they are asking contractors competing for the DD-21 contract to come up with plans for a new ship that can be adapted for missile-defense purposes as well as attacking closer to shore, the report said. The winner for the revised competition would then be chosen in the spring of 2002, the Journal said, quoting unnamed Pentagon and Navy officials. Teams led by shipbuilders General Dynamics Corp . and Northrop Grumman Corp . have been angling for the DD-21 destroyer work since 1999 and likely will stay in place as they alter their proposals for the new criteria. The DD-21 has been one of the biggest U.S. arms programs apparently in danger of being killed in Defense Department strategy reviews. At the end of May, the Navy delayed the selection of the teams to build as many as 32 of the ships at a combined value of up to $30 billion.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next