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July 26, 2011

BIW awarded additional $10M

By The Mainebiz News Staff

Bath Iron Works has received an additional $10 million for work on the U.S. Navy's second littoral combat ship.

The award funds engineering and management services for the high-speed combat ship USS Independence, which the shipyard has partnered with Alabama-based Austal USA to build, according to a press release from U.S. Sen. Olympia Snowe. Seventy-two percent of the work funded by the award will be performed in Maine. BIW and Austal won contracts to build two vessels in the LCS program, competing with a design built by Lockheed Martin Corp. and Marinette Marine shipyard. However, last spring BIW split with Austal in order to compete on its own for future LCS contracts. In November, the Navy announced a proposal to award two, 10-ship contracts to Austal and Marinette, leaving BIW's future in the program uncertain.

The Navy plans to build 55 of the shallow-water combat vessels, which are estimated to cost between $340 million and $440 million each, The Times Record reported.

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