Austal awarded $US10m for USS Manchester

Company News

by Rachael Jones

Austal (ASX:ASB) has announced the United States Department of Defense has awarded Austal USA over $10 million US dollars.

It’s for a cost-plus-award fee against a previously awarded Basic Ordering Agreement.

It provides engineering and management services for advanced planning and design in support of the post shakedown availability for Littoral Combat Ship, USS Manchester.

The work will be conducted by Austral USA across Mobile, Alabama and San Diego.

Austal is Australia’s largest defence exporter and only ASX-listed shipbuilder.

Shares in Austal (ASX:ASB) trading 1.91 per cent lower at $1.80

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.