 On July 22, 2010, Austal USA hosted a keel-laying ceremony at its shipyard to signify the erection of the first modules on USAV "Spearhead" (JHSV 1), lead ship in the 10-ship Joint High Speed Vessel (JHSV) program, The JHSV program has a potential worth of over $1.6 billion for the company.On December 27, 2012, the navy awarded its final option under its current contract, and ordered JHSV-10.On March 31, 2015, Austal USA signed a contract with US Navy worth $691 million for two Independence-class ships.