US Navy to buy fewer ships

Carter demands change in direction.

Pentagon tells U.S. Navy: Buy fewer LCS ships, more planes

WASHINGTON Defense Secretary Ash Carter ordered the U.S. Navy in a sharply worded memo this week to buy 12 fewer small littoral combat ships (LCS) and more fighter jets, electronic warfare equipment and other weapons in the upcoming budget year instead.

If approved by Congress, the changes would have a huge impact on many big weapons makers, including Lockheed Martin Corp (LMT.N) and Australia’s Austal Ltd (ASB.AX), which would have to compete to build eight remaining LCS ships in fiscal 2019.

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Source: firstpost.com