Tag: ASX:ASB
Austal declines unsolicited Hanwha offer, citing regulatory obstacles
Austal Limited has confirmed the reception of an unsolicited, conditional, and non-binding indicative proposal from Hanwha Ocean Co, Ltd (Hanwha) to acquire Austal through a scheme of arrangement.
Austal reports EBIT loss but retains record $11.6b order book
Global shipbuilder Austal announced its FY2023 financial results, reporting a $4.8 million loss in Earnings Before Interest and Tax (EBIT), which is consistent with the previously advised earnings projection issued last month.
Austal wins $104m contract for fifth US Navy ship
Global shipbuilder Austal announced that Austal USA has been awarded an AUD 104 million contract from the United States Navy for the manufacture of an additional Navajo-class Towing, Salvage and Rescue Ship (T-ATS 15).
Featured Article
Beyond Insights: Building trust into digital transformation technologies
Digital transformation technologies are experiencing a gold rush in the manufacturing industry, not just in Australia but beyond. However, amid this surge in cutting-edge tech and automation processes, a fundamental element remains crucial: trust.
