Marinette Marine awarded $376 million Navy contract
MARINETTE (WKOW)-- The U.S. Navy has awarded Marinette Marine a $376 million contract to build a littoral combat ship.
The contract was part of a Navy proposal last year to divide the construction of 20 new ships between partners Marinette Marine and Lockheed Martin Corp. and Alabama-based Austal USA and its partner, General Dynamics Corp.
In addition to the current project, contracts for two ships per year are expected from 2012 to 2015.
"These contracts continue to be a boon for Marinette Marine and the New North as a region," said Jerry Murphy, Executive Director of the New North, Inc. "Northeast Wisconsin has a rich shipbuilding tradition, and Marinette Marine has maintained that reputation for excellence."
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