Austal USA Awarded Contract Option for 2 Additional Towing, Salvage and Rescue (t-ats) Ships for the US Navy

Austal Limited (ASX:ASB) is pleased to announce that Austal USA has been awarded a US$156,171,650 (~A$225.5 million) 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 company is now under contract for four T-ATS, having received awards for T-ATS 11 and 12 in October 2021.

Austal Limited Chief Executive Officer Paddy Gregg said the latest contract award re-affirmed the United States Navy’s great confidence in Austal USA’s capabilities as a steel shipbuilder, following the start of construction on T-ATS 11, earlier this month.