Australia’s Austal secures $3.3 billion contract from U.S. Coast Guard

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The shipbuilder now expects its fiscal 2022 operating income to be higher than previously forecast A$107 million ($73.81 million) as a result of the contract.

The construction of the OPC will commence in 2023 at the company’s new $100 million steel shipbuilding facility in Mobile, Alabama, the company said in a statement.

OPCs, a medium endurance fleet, can conduct missions including law enforcement, drug and migrant interdiction, and search and rescue operations.

($1 = 1.4497 Australian dollars)