Navy Littoral Combat Ship (LCS) Program: Background, Oversight Issues, and Options for Congress [Updated July 1, 2008] [open pdf - 195KB]
From the Summary: "The Navy is procuring a new type of surface combatant called the Littoral Combat Ship (LCS). The Navy substantially restructured the LCS program in 2007 in response to significant cost growth and schedule delays in the program. The Navy's proposed FY2009 budget requests $920 million in procurement funding for the procurement of two LCSs, which would be the fourth and fifth ships in the restructured LCS program. […] The issue for Congress for FY2009 is whether to approve, reject, or modify the Navy's restructured LCS program. The LCS program raises potential oversight issues for Congress relating to cost growth, total program acquisition cost, the procurement cost cap, technical risk, operational evaluation and competition for production, a proposed common combat system, and coordination of sea frames and mission packages. This report will be updated as events warrant."
CRS Report for Congress, RL33741