AMSC Wins Contract

American Superconductor, an energy solutions provider, said pre-market Monday it has obtained a contract valued up to $8.4 million for engineering and technical services from the U.S. Naval Surface Warfare Center.

This sole source contract was entered into to support the U.S. Navy’s insertion of AMSC’s high temperature superconductor (HTS)-based ship protection systems into the surface fleet. “This contract is expected to enable AMSC to provide ongoing support to the U.S. Navy as it aims to insert AMSC’s HTS technology into the U.S. Navy’s ship protection systems and further develop HTS-based power delivery systems,” CEO Daniel McGahn said in a statement.

By Stephen Holmes