Austal USA awarded US$450 million contract to expand submarine module production capacity

Austal USA, a part of Austal Limited (ASX: ASB), has been awarded a $450 million (about A$670 million) contract from General Dynamics Electric Boat. This major contract will help Austal USA expand its shipyard in Mobile, Alabama. The new facility will support the U.S. Navy’s Submarine Industrial Base (SIB), allowing the production of submarine parts. … Continue reading Austal USA awarded US$450 million contract to expand submarine module production capacity