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Austal USA wins $55M contract for two additional Navy LCUs

Austal announced that its US subsidiary, Austal USA, has been awarded a contract modification valued at USD 54,997,317 (AUD 84,455,364) for the construction of two additional Landing Craft Utility (LCU) 1700-class vessels for the United States Navy.
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.