General Dynamics / Austal Team Awarded LCS Planning Yard Design Services Contract

Austal Limited (Austal) (ASX:ASB) is pleased to announce that General Dynamics Bath Iron Works (BIW) has been awarded the Littoral Combat Ship (LCS) Planning Yard Design Services Contract. Austal USA had earlier teamed with BIW for this tender.

The U.S. Navy has awarded BIW a contract for LCS Planning Yard Design Services with a potential contract value of approximately US$100 million if all options are exercised. The LCS Planning Yard contract includes, engineering, planning, ship configuration, material and logistics support to maintain and modernize both the Freedom (LCS 1) and Independence (LCS 2) variants of the LCS class.

Austal Chief Executive Officer Andrew Bellamy said, “This contract award is great news for Austal. It is strategically important to the further growth of our post-delivery service and support business. We can now look forward to finalising the contract details with General Dynamics”.

Austal will update the market further as contractual details are formalised.