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Austal Announces Receiving Award for US$144M T-ATS Multi Ship Contract

06 Oct 2021  |  12:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Austal USA awarded US$144M T-ATS Multi Ship Contract

Austal announced that the Company USA has been awarded its first steel vessel construction contract by the United States Navy, a US$145m (A$198.5m) build of two Towing, Salvage, and Rescue ships (T-ATS 11 and 12). The contract modification established options for up to three additional T-ATS ships, which, if exercised, will bring the total cumulative value of the contract to US$385m (A$528.6m). The Company was initially awarded a US$3.6m contract by the United States Navy for the functional design of the Navajo-class T-ATS vessels.

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