Lockheed Martin has presented the Navy with options for its Freedom class Littoral Combat Ship which include more powerful radar and stronger anti-air missile capabilities. Lockheed provided the variants as part of a request for information from the Navy.
Soaring steel and oil prices have helped push up the cost of a warship Lockheed Martin is building for the Navy. The cost of Lockheed's Littoral combat ship is now $550 million per ship, up from the $220 million initial estimate. Design changes have also pushed the cost of the ship higher. General Dynamics is also building a Littoral combat ship.
Costs from a federal ethics probe and delays in foreign surveillance aircraft contracts will wipe out Boeing's second-quarter profit, the company said. The investigation involved Boeing's improper acquisition of secret documents belonging to competitor Lockheed Martin. The delays for the aircraft program stem from computer integration problems.
NASA's ability to manage competing demands will determine the future of its human spaceflight program, experts say. NASA must complete the International Space Station, safely fly and retire the space shuttle and develop new spacecraft. Some insiders worry that budget constraints will affect NASA's ability to achieve is goals.