Tag: ASX: ASB

Austal has reported revenue of more than $2 billion for the 2026 financial year, while its Australasian operations delivered record earnings despite the shipbuilder recording a group-wide loss linked to provisions on US contracts.

Austal has completed an upgrade of the Integrated Monitoring, Alarm and Control System (IMACS) on the Prony Express, delivering what the company says is an operational enhancement for the passenger ferry serving mining operations in southern New Caledonia.

Austal, in partnership with Curtin University and the Additive Manufacturing Cooperative Research Centre (AMCRC), has launched a collaborative research project aimed at accelerating the adoption of additive manufacturing across Australia's maritime and defence sectors.

Austal Limited has been awarded a contract extension to build two additional Evolved Cape-class Patrol Boats (ECCPBs) for the Australian Border Force (ABF), in a deal valued at approximately A$150.3 million, the company said.

Austal Limited has delivered the tenth Evolved Cape-class Patrol Boat to the Royal Australian Navy, completing the SEA1445-1 program following a ceremony held at Austal’s Henderson shipyard in Western Australia on March 3, 2026.

Austal has announced it has been awarded an approximately $4 billion contract by the Commonwealth Department of Defence to construct eight Landing Craft Heavy (LCH) vessels under the Strategic Shipbuilding Agreement.

Austal has announced that it has signed a Memorandum of Understanding with ASC to advance additive manufacturing technologies and strengthen Australia’s sovereign naval capability, marking what the company describes as a key step in expanding the role of advanced manufacturing in shipbuilding and submarine sustainment.

Austal Australia has handed over the ninth Evolved Cape Class Patrol Boat (ECCPB) to the Department of Defence, marking another milestone in its contract with the Naval Shipbuilding and Sustainment Group for the Royal Australian Navy.

Austal Limited has announced it has signed a Strategic Shipbuilding Agreement (SSA) with the Commonwealth of Australia, formally appointing its new subsidiary, Austal Defence Shipbuilding Australia, as the nation’s strategic shipbuilder for Tier 2 surface combatants at Henderson, Western Australia.

Austal Limited has announced that its Australasia division has secured a contract valued between AUD 14 million and AUD 16 million to build a 36-metre catamaran for Cruise Whitsundays, part of experiential tourism group Journey Beyond.