U.S. Navy Awards Austal Two Additional High Speed Landing Support Vessels

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The U.S. Navy has exercised production options for two additional Joint High Speed Vessels (JHSV), awarding Austal USA, from Mobile, Alabama $204 million contract modification. JHSV will provide high speed, shallow draft transportation capability to support the intra-theater maneuver of personnel, supplies and equipment for the Navy, Marine Corps, and Army. Austal will construct the new vessels until December 2013.