Navy Littoral Combat Ship (LCS): Background and Issues for Congress [Updated October 19, 2006] [open pdf - 40KB]
From the Summary: "The Navy's proposed FY2007 budget requested $520.7 million to procure two Littoral Combat Ships (LCSs). The FY2007 defense appropriations act (H.R. 5631/P.L. 109-289) approves this request. For a longer discussion of the LCS program, see CRS [Congressional Research Service] Report RL32109, 'Navy DDG-1000 (DD(X)), CG(X), and LCS Ship Acquisition Programs: Oversight Issues and Options for Congress', by Ronald O'Rourke. This report will be updated as events warrant."
CRS Report for Congress, RS21305