Austal USA wins $1.6B contract

MOBILE, Ala. - Austal USA has won a $1.6 billion contract to build up to 10 high-speed transport ships for the military, U.S. Sen. Richard Shelby said Wednesday. Neither Austal nor the U.S. Navy would confirm Wednesday's announcement. The award would be significant for Austal, which has about 1,000 employees at its facility on the Mobile River. (Source: Mobile Press-Register, 11/13/08)