US Navy Awards Austal Multi-Vessel LCS Contract

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Highlights:

* Austal awarded U.S. Navy contract for construction of up to 10 Littoral Combat Ships (LCS)
* Contract for the first vessel valued at US$432.1 million with options for nine additional vessels over the following five years.
* Increases Austal’s total order book to AUD$1.3 billion
* Austal’s USA-based shipyard will commence construction of the first additional LCS in early 2012

The USA division of Australian-headquartered Austal has been awarded a U.S. Navy contract to construct one Independence Class Littoral Combat Ship (LCS). The total value of the contract is US$432.1 million. The contract includes options for nine additional vessels in the following five years.

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