The US Navy awarded TOTE Services a $2.2 billion shipbuilding management contract to build a new medium landing ship. LSM is one of the core pillars of Trump's “Golden Fleet” strategic initiative. It has the characteristics of being smaller and more flexible. It is mainly designed to tow troops, equipment, and supplies to land on an island. This is the first time in the history of the US Navy that an external third-party VCM model has been introduced to coordinate warship construction. The plan is to eventually build a huge fleet of 35 LSMs. The first ship is expected to be delivered in the fall of 2029.

The US Navy awarded TOTE Services a $2.2 billion shipbuilding management contract to build a new medium landing ship. LSM is one of the core pillars of Trump's “Golden Fleet” strategic initiative. It has the characteristics of being smaller and more flexible. It is mainly designed to tow troops, equipment, and supplies to land on an island. This is the first time in the history of the US Navy that an external third-party VCM model has been introduced to coordinate warship construction. The plan is to eventually build a huge fleet of 35 LSMs. The first ship is expected to be delivered in the fall of 2029.