Off course it does, it has dry sleeves pressed into the block. It just doesnt have wet sleeves that, if you remove them, you look inside the coolant canals.
Only the Ford Basildon built tractor engines were a heavy duty motor with a parent bore design, in which the pistons run straight in the block casting. And lots of light duty automotive engines just use a hard coating on the aluminium block bores where the piston runs.
My Volvo V70 diesel has cast-in-place steel liners in an aluminium block, because aluminium cant take Diesel compression. (The gas inline 5s are parent bore) Using a diesel block in a gas racing engine enables 1000hp from these engines, which makes them a popular alternative for an LS crate motor in Icelandic rockclimb competition.