The US Navy has awarded a contract to Austal Ltd’s (ASX:ASB) American branch, for US$12 million cost-plus-award fee.
Austal USA will provide engineering and management services support of the Post Shakedown Availability for Gabrielle Giffords (LCS10), which is a Littoral Combat Ship (LCS).
Austal USA is currently completing an 11-ship Independence-variant LCS contract for the US Navy worth over US$3.5 billion.
The company says four out of the 127 metre ships have been delivered, and seven ships are still under construction.
Austal posted a net loss of $84.2 million at 30 June 2016.