AMSC Secures $75M Multi-Year Contract With Irving Shipbuilding For Ship Protection Systems And Engineering Support For Royal Canadian Navy, With First Delivery Expected In 2026
Portfolio Pulse from Benzinga Newsdesk
AMSC has secured a $75 million multi-year contract with Irving Shipbuilding to provide ship protection systems and engineering support for the Royal Canadian Navy. The first delivery is expected in 2026.
June 12, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AMSC has secured a $75 million multi-year contract with Irving Shipbuilding to provide ship protection systems and engineering support for the Royal Canadian Navy. The first delivery is expected in 2026.
The $75 million contract is a significant revenue boost for AMSC, indicating strong future earnings potential. The partnership with Irving Shipbuilding and the Royal Canadian Navy enhances AMSC's market position in the defense sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100