AMSC Expands Ship Protection System Offering to Allied Navy with First Contract Win

Core Insights - AMSC has secured a multi-year contract worth approximately $75 million with Irving Shipbuilding Inc. for the delivery of Ship Protection Systems and engineering support for the Royal Canadian Navy [1][3] - This contract marks AMSC's first production systems delivery to an allied navy, highlighting the company's strategy to diversify and expand its business internationally [3] - The integration of AMSC's Ship Protection System into the Canadian Surface Combatant Ships (CSC) is expected to enhance the ship's mine protection capabilities [2][4] Company Overview - AMSC specializes in megawatt-scale power resiliency solutions and has a focus on high-temperature superconductor (HTS) technology for naval applications [1][4] - The company provides various solutions including Gridtec™ for grid systems, Marinetec™ for ship protection systems, and Windtec™ for wind energy technologies [6] - AMSC was founded in 1987 and is headquartered near Boston, Massachusetts, with operations across Asia, Australia, Europe, and North America [6] Contract Details - The contract with Irving Shipbuilding includes hardware delivery, engineering work, integration, and commissioning of the Ship Protection System, with the first system expected to be delivered in 2026 [1][3] - The Canadian Surface Combatant is designed to perform a wide range of tasks, including combat operations, support for the Canadian Armed Forces, and humanitarian missions [3] Technology and Innovation - AMSC's Ship Protection System is designed to reduce the magnetic signature of ships, enhancing their protection against undersea mines [4] - The technology's reduced footprint allows for its integration into existing ship designs, making it suitable for high-density outfitting [2]