Austal to Exercise Option for 10th JHSV

Austal to Exercise Option for 10th JHSV

Austal USA, Mobile, Ala., is being awarded a $166,881,824 modification to previously awarded contract (N00024-08-C-2217) to exercise the construction option for Joint High Speed Vessel 10.

Contract funds in the amount of $166,881,824 will be obligated at time of award. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

The JHSV program merges the previous Army Theater Support Vessel (TSV) and the Navy High Speed Connector (HSC) to decrease costs by taking advantage of the inherent commonality between the existing programs.

This commercially designed, non-combatant vessel leverages Austal’s world-leading commercial technology and does not require the development of any new technology. Significant production and financial risks have been avoided by implementing proven technology, ensuring stable requirements, minimizing change and through the ruthless pursuit of cost reduction and efficiency. It is being built to American Bureau of Shipping (ABS) High Speed Naval Craft Guide.

Naval Today Staff, December 26, 2012; Image: Austal

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