Austal wins $434m US Navy contract

Shipbuilder Austal has secured a $434 million contract to build two more EFT catamarans for the US Navy, expanding its ongoing contract.

Shipbuilder Austal has won a contract worth $434 million to build two more expeditionary fast transport (EFT) catamaran vessels for the US Navy.

The company already holds a contract to build 10 such vessels for the US Navy, and has delivered seven of the ships.

"This new order for a further two EPF reflect the US Navy's continued confidence and investment in a proven product," chief executive David Singleton said.