AMSC announced it has entered into a multi-year and multi-unit delivery contract valued at approximately $75 million with Irving Shipbuilding Inc., a Halifax, Canada shipbuilder that has constructed over 80% of Canada?s Navy at sea, for Ship Protection Systems hardware as well as engineering work to support the Royal Canadian Navy. Additionally, the scope of this contract is expected to include integration and commissioning of the system. The first Ship Protection System is expected to be delivered to Irving Shipbuilding Inc. in 2026.

Having been designed into the U.S Navy?s San Antonio Class amphibious ship platform, AMSC's Ship Protection System is expected to be integrated into the Canadian Surface Combatant Ships (CSC). The reduced footprint associated with AMSC?s technology enables the addition of AMSC?s Ship Protection System into the existing high outfit density CSC ship design. This breakthrough results in world class mine protection for the CSC platform.

The Canadian Surface Combatant ensures that Canada monitors and defends its waters and makes significant contributions to international naval operations. The CSC will be able to conduct a broad range of tasks: including delivering decisive combat power at sea; supporting the Canadian Armed Forces, and Canada?s Allies ashore; conduct counter-piracy, counterterrorism, interdiction, and embargo operations for medium-intensity operations; and deliver humanitarian aid, search and rescue, law, and sovereignty enforcement for regional engagements. The core components of the Ship Protection System are common and transferable to other applications being targeted for ship implementation.

AMSC is continuing its work to expand high-temperature superconductor (HTS) technology into Navy fleets through a variety of applications for power, propulsion, and protection equipment. AMSC refers to its HTS-based products for the Navy as "Ship Protection Systems." AMSC?s innovative degaussing system is designed to reduce the magnetic signature of a ship, which can interfere with undersea mines? ability to detect and damage the ship.