No Video/Audio Available.

Austal awarded $12M contract by US Navy
October 19, 2016 11:12 AM

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.

Comment on this story
Full Name:
Type the characters you see in the picture below.
Letters are not case-sensitive

Latest Finance News


Company News