US Navy Orders Material for JHSV 4 and 5

The US Navy has exercised contract options funding Austal’s acquisition of long lead-time equipment associated with the construction of two additional 103 metre Joint High Speed Vessels (JHSV). As the prime contractor, Austal currently has contracts to build the first three JHSVs as part of a 10-vessel program valued at up to AUD $2 billion. Today’s award funds the acquisition of long lead time material for JHSV 4 and 5.