Austal LCS Contracts Signify Navy's Program Commitment

Press Release
Monday, March 04, 2013
USS Independence: Photo credit USMRA

The US Navy has exercised contract options with Austal USA for the construction of LCS 14 & LCS 16.

Austal USA’s order backlog has grown by approximately $681.7 million dollars as a result of two additional Littoral Combat Ship (LCS) contract options being exercised by the United States Navy.

The contract options fund construction of the LCS 14 and LCS 16, the fifth and sixth ships in the 10-ship block buy award made to an Austal-led team in December 2010. That 10-ship program is potentially worth over $3.5 billion.

Austal has been contracted by the U.S. Navy to build ten 103-meter JHSVs under a 10-ship, $1.6 billion contract, one of which has already been delivered, and eight 127-meter Independence-variant LCS class ships (including USS Independence, delivered to the Navy in 2009), six of which are a part of a 10-ship, $3.5 billion contract.

USNS Choctaw County (JHSV 2) and Coronado (LCS 4) have both been launched and are preparing for sea trials later this spring. Construction of another three JHSVs and two LCSs is also underway in Austal’s Mobile, Alabama shipyard.

Austal Chief Executive Officer Andrew Bellamy said the company’s U.S. Navy programs provide revenue and workload for years to come. “Austal’s production of these revolutionary ships continues to expand and improve, simultaneously delivering better program outcomes for the Navy and improved financial results for the company’s shareholders,” he said.


 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

Navy

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

US Navy CNO: Photo of the Day

Chief of Naval Operations (CNO) Adm. Jonathan Greenert receives a system update brief in the combat information center aboard the Arleigh Burke-class guided-missile

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1634 sec (6 req/sec)