November 14, 2008
BIW passed over for $1.6B contract
By The Mainebiz News Staff
Bath Iron Works has lost its bid for a $1.6 billion contract to build 10 high-speed military transport ships.
The U.S. Navy awarded the contract to Austral USA, an Australian company specializing in high-speed transport ships that opened a U.S. facility in Mobile, Ala., in 1999, according to the Associated Press. BIW was one of two other shipyards competing for the contract.
"If nothing else, this once again highlights that competition is intense throughout the shipbuilding industry," BIW said in a statement cited by the AP.
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