COMMERCIAL NEWS – US Navy orders two more Austal JHSVs

COMMERCIAL NEWS - US Navy orders two more Austal JHSVs

The US Navy has exercised contract options funding WA-based shipbuilder Austal’s acquisition of long lead-time material associated with the construction of two additional 103-metre Joint High Speed Vessels (JHSV).

Austal was awarded the initial contract to design and build the first 103m JHSV in November 2008. The contract included options for nine additional vessels to be awarded between the 2009 and 2013 financial years.

Each JHSV is valued at approximately $A225 million, with the potential 10-vessel program valued at approximately $A2.3 billion.

Austal USA president and COO, Joe Rella said, “Due to on-time performance and high quality results during our design reviews with the Navy, and the efficiency of our material procurement to date, we have earned the confidence of the Navy to make this award. This is a testament to the quality products of our program, design, production control and procurement teams.”

Long lead-time material for the additional vessels will include diesel engines, water jets and reduction gears.

Similar to the Austal-built WestPac Express operated by the US Marines for the past seven years, the JHSV will be capable of transporting troops and their equipment, supporting humanitarian relief efforts, operating in shallow waters and reaching speeds in excess of 35kts fully loaded. The vessels will be a joint-use platform operated by both the US Army and Navy.

Construction of the first JHSV is scheduled to commence at Austal’s US shipyard in November.

Photo: An Austal 103m Joint High Speed Vessel (JHSV).