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Austal (ASX:ASB) - Outgoing CEO, David Singleton
Outgoing CEO, David Singleton
Source: Business News
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  • Austal (ASB) USA has been awarded a US$43.36 million (roughly A$62.7 million) contract from the United States Department of Defence
  • This contract concerns the modification to a previously awarded Littoral Combat Ship (LCS) contract
  • The LCS’s are high-speed, agile, multi-mission combat ships that are designed to defeat coastal threats and provide dominance in the water battle space
  • Austal will now continue to provide design services and programs to all LCS’s such as program management, engineering, and software maintenance
  • The company will also maintain an integrated data product model environment which allows the Navy to access LCS data management
  • Austal has ended the day 3.70 per cent in the green and shares trading for $3.36 each

Austal (ASB) USA has been awarded a US$43.36 million (roughly A$62.7 million) contract from the United States Department of Defence.

This contract concerns the modification to a previously awarded Littoral Combat Ship (LCS) contract.

Austal’s LCS’s are high-speed, agile, multi-mission combat ships that are designed to defeat coastal threats and provide dominance in the water battle space.

It can undertake critical missions such as mine warfare, anti-submarine warfare, and surface warfare.

Austal will now continue to provide design services and programs to all LCS’s such as program management, change processing, engineering, software maintenance, and fitting out services.

The company will also maintain an IDPME (integrated data product model environment) which allows the Navy to access LCS data management.

Austal has ended the day 3.70 per cent in the green and shares trading for $3.36 each in a $1.155 billion market cap.

ASB by the numbers
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