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Defence contractor Austal Limited (ASX:ASB) has signed a deal which will enable it to support the US Navy in the Asia Pacific.
Under the strategic partnership with south east Asian shipbuilder Sembawang, Austal will provide sustainment capability to the US Navy.
The partnership will provide rapid support to a US Navy fleet set to deploy to Singapore early this year.
Chief Operating Officer Charles McGill says the partnership means Austal is now positioned to provide critical sustainment in an increasingly important part of the world.
Austal posted a net profit of $11 million in the 2012 financial year.
News: Austal to support US Navy in Asia Pacific
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