Tag: Austal

Manufacturing has formally commenced on Austal’s Horizon X high-speed ferry project, with the company cutting the first steel plate for the vessel at its Philippines shipyard in Balamban, Cebu, marking the start of construction for Sweden’s Gotlandsbolaget.

Austal Limited has been awarded a $1.029 billion Design and Build Contract for 18 Landing Craft Medium vessels under the Strategic Shipbuilding Agreement with the Commonwealth of Australia, according to a statement released by the company.

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.

Austal USA has received a USD 273 million contract option from the United States Coast Guard for the construction of a second Heritage-class Offshore Patrol Cutter (OPC) and the procurement of long lead-time materials for a third vessel.

The Australian Government has approved a Strategic Shipbuilding Agreement (SSA) with Austal Limited, formally appointing the company’s new subsidiary, Austal Defence Shipbuilding Australia, as the Commonwealth’s strategic shipbuilder for Tier 2 surface combatants based at Henderson, Western Australia.

Austal has refinanced its debt facilities as part of a broader effort to support its $1.2 billion capital expansion program in the United States, strengthening the company’s position in global defence manufacturing.

Austal has raised AUD 200 million through an institutional placement to support the expansion of its US shipbuilding capabilities.