Austal wins order worth $ 1.6 billion from US Defense Department

Austal Ltd.Australian firm Austal Ltd has informed that it has secured a contract worth up to $US1.6 billion, to build high speed transport vessels for the US military. Under the arrangement, Perth-based Austal, as prime contractor, will design and build the first 103 metre Joint High Speed Vessel, with the potential for nine more to be ordered by 2013.

The company stated in a release that, the ship will be designed to transport troops and their equipment and can operate in shallow waters. In addition, the new ships will be able to transport 600 short tons over 1,200 nautical miles at an average speed of 35 knots, which are used jointly by the US Army and Navy.

The company claims that this deal, awarded by US Department of Defense is the largest in the Austal's history.

The company will build the vessels at its US shipyard in Alabama.