Lockheed Martin Awarded $22.74 million Pentagon contract to modify the LCS Design for Saudi Arabia Frigate Project

The new frigates will the centerpiece of the long-awaited Saudi Naval Expansion Program II. SNEP II is set to modernize the Royal Saudi Navy’s Eastern Fleet as part of a wide-ranging estimated $20 billion arms package. The frigates will cost about $6 billion, the largest line item of the $20 billion SNEP-II deal. The package…