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

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© Reuters. FILE PHOTO: U.S. Coast Guard Cutter Narwhal patrols near some of the 27 oil tankers anchored off shore during the outbreak of the coronavirus disease (COVID-19) in Long Beach, California, U.S., April 23, 2020. U.S. Coast Guard/Petty Officer Third Class A

(Reuters) – Australia’s Austal Ltd said on Friday it secured a $3.3 billion contract to design and construct 11 offshore patrol cutters (OPC) for the United States Coast Guard.

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)

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