In an ASX regulatory filing, Australia’s Austal Limited (ASX:ASB) reports that its Austal USA subsidiary has been awarded a $450 million contract by General Dynamics Electric Boat. The contract will enable Austal USA to expand production capacity at its Mobile, Ala., shipyard in support of the U.S. Navy Submarine Industrial Base (SIB).
The Electric Boat award will fund Austal USA to enhance its existing infrastructure by designing, constructing and outfitting a new module fabrication and...