SHIPBUILDER Austal has received funding to build two more vessels for the US Navy, taking the value of its current order book to record levels.
The company has received funds to build vessels seven and eight under a $US3.5 billion contract it has with the US Navy to construct 10 Littoral Combat Ships.
The new funding adds about $US684 million to Austal's order book, the company said, taking it to $3.3 billion.
The Littoral Combat Ship is a lightly armed vessel designed for missions in the littoral zone, or waters close to shore.
Austal is already building five Littoral Combat Ships at its US shipyard in Alabama, and the new funding secures work at the shipyard to the 2018/19 financial year.
Austal has a separate $US1.6 billion contract from the US Navy to build 10 Joint High Speed Vessels, which have been fully funded.
Austal shares were down one cent at 88 cents on Tuesday.
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