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Austal wins $1.6b order for more US Navy ships

Austal has received a big boost to its order book with the US Navy giving the green light for the shipbuilder to deliver two more Independence-class Littoral Combat Ships.

The individual contracts, worth a total of $1.6 billion, take to 17 the number of Independence-class ships Austal has added to the Navy’s fleet.

The 127m, frigate-sized vessels, originally designed in WA, will be constructed at the shipbuilder’s US base in Mobile, Alabama.

“This latest order from the US Navy is a tremendous endorsement of the Austal LCS platform and further evidence of the important role Austal plays in building the US Navy” Austal chief executive David Singleton said

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“We continue hearing positive feedback from the fleet commanders on how well our ships match their mission requirements as they operate globally.”

Austal has already handed over three LCS vessels to the Navy this year, all under the Congressional cost cap of $US584 million ($808 million).

Construction of the 32nd LCS for the US Navy is scheduled to begin in next year, with delivery of the 34th LCS expected to occur in mid fiscal year 2023.

Austal shares were up 3¢, or 1.6 per cent, to $1.95, at 8.50am.

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