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March 8, 2010

Shipbuilders end partnership to compete for big project

  • Bath Iron Works and Austal USA are both looking to build fast warships for the Navy, with one contract that could reach $4.8 billion.
    • By DAVID SHARP
    Associated Press Writer

    PORTLAND, Maine — Shipbuilders Bath Iron Works in Maine and Austal USA in Alabama are ending their partnership, allowing each of them to compete on their own for a lucrative contract to build 10 fast and agile warships for the Navy.

    Austal will bid as prime contractor against Lockheed Martin Corp. for the first two ships in a contract to be awarded this year that contains options for up to 10 ships with a value of $4.8 billion.


     
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