Austal Limited (ASX:ASB) reports that its Austal USA subsidiary has been awarded a $156,171,650 fixed-price incentive contract option from the United States Navy for the construction of two Navajo-class Towing, Salvage, and Rescue Ships (T-ATS 13 and 14).
With the award, the Mobile. Ala., company is now under contract for four T-ATS, having received awards for T-ATS 11 and 12 in October 2021. It started construction on the first of these on July 11.
“It’s a great sign of confidence by the Navy,...