Austal Announces New Contracts, Job Fairs

Mobile-based Austal USA has announced newly secured contracts it says further diversify its near-term revenue base, while providing enhanced exposure to significant long-term growth opportunities. The strategic developments have a potential combined value of approximately US$75 million, with some early-stage contracts providing a pathway for potential future awards. Highlights of the agreements include an “undefinitised contract action” with the U.S. Navy to resolve the detail design for three fully funded Emergency Medical Ships; a partnership with L3Harris Technologies to construct and modify autonomous capabilities in support of the Navy’s Overlord Unmanned Surface Vessel (USV) Program; concept design for the Navy’s Large USVs; Austal’s appointment as the exclusive manufacturer of Saildrone, Inc.’s wind- and solar-powered Surveyor USV; partnership with General Dynamics Electric Boat to train Austal personnel in the manufacture of Command and Control Systems Modules and Electronic Deck Modules for Navy nuclear submarines; and a contract with Newport News Shipbuilding in Virginia to fabricate aluminum aircraft elevators for two Navy Ford-class aircraft carriers.

“The new contracts and partnerships demonstrate our growing capabilities across a broad range of naval shipbuilding and support programs in Australia and the U.S., as we increasingly diversify our revenue base and expand our future growth pathways,” Austal CEO Paddy Gregg said. “Over the longer-term, our expanding and diversified shipbuilding pipeline has the strong potential to cascade through to our support business….” Additionally, the company will host a job fair at its facility in Mobile on January 28 at 9 a.m.-2 p.m. Austal’s recruitment teams will then be at Southwest Mobile County Chamber of Commerce at the John C. Williams Auditorium in Mobile on January 30 at 10 a.m.-1 p.m. to answer questions about the Austal USA Apprenticeship Program.