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Austal Limited (ASX:ASB) says the US Navy has ordered and agreed to fund a further two Littoral Combat ships.
These will be the 9th and 10th ships built under a 10 vessel contract with the US Navy adding US$691 million to the Austal order book.
The US Navy has also optioned the construction of an additional combat ship during 2016 and if exercised would bring the total deal to 13 ships supplied as either contractor or subcontractor.
Austal also has another $1.6 billion deal to build 10 high speed vessels for the US Navy, four of which have now been delivered.
Austal reported a net profit of $29 million for the half year to 31 December 2014.
News: Austal receives more Littoral orders
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