Austal Limited (ASX: ASB) announced that Austal USA has received a US$113.9 million fixed-price incentive and firm-fixed-price contract for the detail design of the T-AGOS 25 Class Auxiliary General Ocean Surveillance Ship for the US Navy. If the contract's options are exercised, up to seven T-AGOS 25-class ships could be designed in detail and built, at an estimated cost of US$3.195 billion.
Through T-AGOS ships run by the US Military Sealift Command (MSC), commanders of the Atlantic and Pacific Fleets have access to a passive and active antisubmarine acoustic surveillance capability. In order to support the Navy's Integrated Undersea Surveillance System (IUSS), the 110-meter steel "small waterplane area twin hull" (SWATH) warships collect underwater acoustical data using the Surveillance Towed-Array Sensor System (SURTASS).
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.