The usNavyhasexercisedcontractoptions funding Austal's acquisition of longlead-timematerial associated with theconstruction of twoadditional 103-metreJoint High Speed Vessels (JHSV).
As the clean-up and recovery consumes what stock is in place for earth movers, road graders and other heavy equipment for construction and infrastructure is put to work, the long lead-time required to build and deliver these machines may be a boon for companies like Caterpillar and its partners.