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U.S. Navy Orders 2 of Last 3 JHSV from Austal

Yesterday the U.S. Navy announced that it had executed a contract option for 2 more Joint High Speed Vessels (JHSV) from Australian ferry builder Austal. This brings the total number of these ships ordered to 9.

Austal is close to finishing the first and has two more in production. The contract yesterday will allow the builder to begin buying long lead items and components for the two ships.

The JHSV is a fast transport based on Austal’s ferry designs that was originally planned to be used by the Navy and Army for rapid transport of troops and supplies to needed areas. It was decided that the Navy would manage the whole program and the ships were transferred to them.

Originally it was thought that up to 23 of the ships would be procured but in their FY13 budget proposal the Obama Administration reduced the planned number to 10. This means that 9 of them are now on order with the chance that only one more will be purchased.

Austal is building the ships in their Mobile, AL yard where they also make the Littoral Combat Ship (LCS). They have a contract for up to 10 of these. Interest

Photo from HerrKrueger’s flickr photostream.

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Austal USA Continues Work on JHSV

The U.S. Department of Defense awarded Austal USA (ASB:AU), the U.S. subsidiary of Australia’s Austal, a contract for two more Joint High Speed Vessels (JHSV). These represent the fourth and fifth ships of the class being built for the U.S. Navy and Army. The JHSV will be used to move supplies and equipment to an area where they are needed. As there name implies they are much faster then traditional merchant shipping.

This order follows one for the advanced procurement items issued four months ago worth $100 million. This contract has a value of about twice that. Austal is building as many as ten under the contract but ultimately the U.S. would like to buy over fifty. Austal would be one of the sources considered for the follow on contracts.

Austal is known for making high speed ferries but their U.S. subsidiary based in Mobile, AL has branched out into military projects. They have teamed with General Dynamics (GD) to build one of the designs accepted for the original Littoral Combat Ship (LCS) program. The Navy was going to have this team along with Lockheed Martin (LMT) build the ships but has now changed their minds after the first three were started to have a competition for the remaining ships. Austal will most likely be one of the bidders for that contract.

The first JHSV will be delivered at the end of next year. The first of many ships that the company will build for the U.S. Navy Austal hopes.

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