U.S. Navy Awards $516 Million Contract To Austal For Building Lead Ship Of Its Ocean Surveillance Program

Australia’s defence shipbuilder Austal Ltd. reported in an exchange filing that it had secured a $516 million deal to build the lead vessel of the US Navy’s ocean surveillance mission, T-AGOS 25.

The deal, declared on May 19, was for $113.9 million for an exclusive design of the US Navy’s Tactical Auxiliary General Ocean Surveillance Ship (T-AGOS 25 Class), with many options to design and build up to seven such vessels.

On May 31, the US Navy exercised its option to modify the deal to construct a vessel, permitting Austal to purchase the material needed to keep building the surveillance vessel.

If several options under the deal are exercised, the total value of the order comes to $3.20 billion, per Austal.

T-AGOS vessels, operated by the US Military Sealift Command, aid the anti-submarine warfare (abbreviated as ASW) mission of the commanders associated with the Pacific and Atlantic Fleets, the shipbuilder mentioned in its statement.

Reference: Reuters

Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.