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CURRENT ISSUE

OBAMA DRILLING MORATORIUM
Are new Administration limits on offshore drilling

a sensible precaution?
a knee-jerk overreaction?

June 5, 2010

Austal USA gets $99.5 million JHSV award

Austal USA, Mobile, Ala., is being awarded a $99,557,548 modification to previously awarded contract (N00024-08-C-2217) for long lead time material (LLTM) for ships four and five of the Joint High Speed Vessel (JHSV) program. This contract provides LLTM for main propulsion engines, aluminum, waterjets, reduction gears, generators and other components to support construction of JHSV ships four and five, commencing in fall 2010. Work will be performed in Detroit, Mich. (38 percent); Chesapeake, Va. (18 percent); Henderson, Australia (13 percent); Gulfport, Miss. (10 percent); Ravenswood, W.Va. (9 percent); Ft. Lauderdale, Fla. (4 percent); Mobile, Ala. (3 percent); Auburn, Ind. (2.6 percent); Winter Haven, Fla. (1 percent); Gardena, Calif. (1 percent); and Davenport, Iowa (0.4 percent), and is expected to be completed by December 2011. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.


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