AUSTAL SECURES US SUBMARINE COMMAND DECK MODULE CONTRACT FROM GENERAL DYNAMICS

COMPANY ANNOUNCEMENT

27 JANUARY 2023

AUSTAL SECURES US SUBMARINE COMMAND DECK MODULE CONTRACT FROM GENERAL DYNAMICS 

Austal Limited (Austal) (ASX: ASB) is pleased to announce it has been awarded a time and material (T&M) contract by General Dynamics Electric Boat (GDEB) for structural assembly fabrication in support of the US Navy Virginia Class submarine program.

The contract, awarded to Austal USA, is for structural assembly fabrication in support of the US Navy Virginia Class submarine program. This award is a continuation of previously announced efforts to support Electric Boat in work for the US Navy submarine industrial base. This award is expected to provide potentially up to $25 million USD revenue for Austal USA.

Austal Limited CEO Paddy Gregg said the previous contract to train staff was a key enabler for the current award.

“This style of contract is recognition of Austal’s shipbuilding expertise and provides important revenue diversification and expansion,” Mr Gregg said.

This ASX announcement has been approved and authorised for release by Paddy Gregg, Austal Limited’s Chief Executive Officer

Media Contact:
Cameron Morse
+61 433 886 871
cameron.morse@fticonsulting.com