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Friday, January 29, 2010

Austal Contract for JHSV 2 and 3

USS Fortitude (JHSV 1)The U.S. Navy has exercised contract options funding the construction of two additional Austal Joint High Speed Vessels (JHSV) – as part of an existing 10-vessel, $1.6b program.

Austal previously received US Navy funding for long lead-time material, including diesel engines, water jets and reduction gears, for these two vessels in June 2009. The additional work is valued at approximately $208m.

Intended as the U.S. Department of Defense’s next-generation multi-use platform, the two 338 ft high speed vessels will be constructed at Austal’s US facility, located in Mobile, Ala.

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