Navy Littoral Combat Ship (LCS)/Frigate Program: Background and Issues for Congress [September 23, 2015] [open pdf - 1MB]
From the Summary: "The Navy's Littoral Combat Ship (LCS)/Frigate program is a program to procure 52 LCSs and frigates. The first LCS was funded in FY2005, and a total of 23 have been funded through FY2015. The Navy's proposed FY2016 budget requests the procurement of three more LCSs. The Navy estimates the combined procurement cost of these three ships at $1,437.0 million, or an average of $479.0 million each. The three ships have received a total of $80 million in prior-year advance procurement (AP) funding, and the Navy's FY2016 budget requests the remaining $1,357.0 million that is needed to complete their combined procurement cost. […] The LCS program has been controversial due to past cost growth, design and construction issues with the lead ships built to each design, concerns over the ships' survivability (i.e., ability to withstand battle damage), concerns over whether the ships are sufficiently armed and would be able to perform their stated missions effectively, and concerns over the development and testing of the ships' modular mission packages. The Navy's execution of the program has been a matter of congressional oversight attention for several years. The program's restructuring in 2014 raises additional oversight issues for Congress."
CRS Report for Congress, RL33741
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html