Austal Limited (ASX:ASB) Awarded US Navy Contract

Austal Limited (ASX:ASB) has been awarded a US$152 million contract by the U.S. Navy to invest in infrastructure supporting the annual delivery of one Columbia-class (CLB) and two Virginia-class (VCS) submarines. The contract enables Austal USA to partner with the United Submarine Alliance (USA) Qualified Opportunity Fund to enhance the U.S. submarine industrial base's production capacity.

Austal CEO Paddy Gregg's Statement on US Navy Contract

This contract from the US Navy to expand production capacity further strengthens the role Austal has cemented in the US submarine industrial base.

Austal's Expansion of US Submarine Industrial Base

Austal Limited (ASX:ASB) has been awarded a significant contract by the U.S. Navy to invest in the expansion of the U.S. submarine industrial base. The partnership with the United Submarine Alliance (USA) Qualified Opportunity Fund demonstrates Austal's commitment to supporting the U.S. Navy's submarine production capacity. This contract further solidifies Austal's position in the US submarine industrial base, reflecting the company's ongoing contribution to the defense industry.