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AMSC (NASDAQ: AMSC), a leading provider of megawatt-scale power resiliency solutions, has announced a significant multi-year and multi-unit delivery contract valued at approximately $75 million with Irving Shipbuilding Inc. Based in Halifax, Canada, Irving Shipbuilding has constructed over 80% of Canada's Navy fleet currently at sea. This contract involves the supply of Ship Protection Systems hardware and engineering support for the Royal Canadian Navy, including integration and commissioning services. The first Ship Protection System is expected to be delivered to Irving Shipbuilding Inc. in 2026.
Integration into Canadian Surface Combatant Ships
AMSC's Ship Protection System, already a key component of the U.S. Navy’s San Antonio Class amphibious ship platform, is set to be integrated into the Canadian Surface Combatant Ships (CSC). The system's reduced footprint allows it to be incorporated into the highly dense CSC ship design without requiring significant modifications. This integration will enhance the CSC platform with world-class mine protection capabilities, providing the Royal Canadian Navy with cutting-edge technology to protect its vessels.
Strategic Partnership with Irving Shipbuilding
Irving Shipbuilding, Canada’s National Shipbuilder, was selected in 2011 to build a new fleet of combat vessels for the Royal Canadian Navy. To date, Irving has delivered four Arctic and Offshore Patrol Ships (AOPS), with an additional three currently under construction. This contract with AMSC represents a critical advancement in Irving Shipbuilding's efforts to equip the Royal Canadian Navy with state-of-the-art protection systems.
Enhanced Naval Capabilities
The collaboration between AMSC and Irving Shipbuilding marks a significant step forward in enhancing the capabilities of the Royal Canadian Navy. AMSC's advanced technology will provide robust protection against mine threats, ensuring greater safety and operational efficiency for Canadian naval vessels. This partnership underscores the commitment of both companies to support national defense initiatives through innovative engineering solutions and strategic integrations.
About Irving Shipbuilding Inc.
Irving Shipbuilding, headquartered in Halifax, Canada, is recognized as the nation's premier shipbuilder. With a legacy of constructing over 80% of Canada’s Navy ships currently in service, Irving Shipbuilding has been at the forefront of naval construction and innovation. Since being designated as Canada’s National Shipbuilder in 2011, Irving has focused on building new combat vessels, including the Arctic and Offshore Patrol Ships, to enhance the operational readiness and capabilities of the Royal Canadian Navy.
Future Prospects
The $75 million contract between AMSC and Irving Shipbuilding reflects the growing demand for advanced naval protection systems and the strategic importance of modernizing naval fleets. As the first Ship Protection System is slated for delivery in 2026, both companies are poised to deliver unparalleled protection solutions that will bolster the Royal Canadian Navy’s operational capabilities.
The successful integration of AMSC’s Ship Protection System into the Canadian Surface Combatant Ships will set a new standard in naval defense technology. This partnership highlights the potential for future collaborations aimed at enhancing naval defense systems worldwide.
