November 3, 2010 / 6:49 PM / 8 years ago

US Navy said to buy LCS warships from both bidders

WASHINGTON, Nov 3 (Reuters) - The U.S. Navy is considering buying new coastal warships from both Lockheed Martin Corp (LMT.N) and the U.S. unit of Australia’s Austal Ltd (ASB.AX) since the companies’ proposed prices came in lower than expected, said a defense analyst and two other sources familiar with the decision.

Loren Thompson with the Virginia-based Lexington Institute said the Navy now expects to buy 10 ships from each of the two companies, rather than a total of 10 from one bidder as it had planned.

Two other sources, who were not authorized to speak on the record, confirmed the plan, and said Navy officials could announce the decision later on Wednesday.

The Navy declined comment. (Reporting by Andrea Shalal-Esa, editing by Gerald E. McCormick)

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