Tag: Austal
Austal secures new financing to advance manufacturing growth
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 locks in $200M for US steel shipbuilding expansion
Austal has raised AUD 200 million through an institutional placement to support the expansion of its US shipbuilding capabilities.Â
Austal reports strong growth, eyes further expansion in 2025
Austal Limited has reported strong financial growth in the first half of the 2025 financial year, with earnings exceeding expectations and a record order book supporting future expansion.
Austal secures $270M contract to build hydrogen-ready high-speed ferry
Austal Australasia has secured a contract valued between A$265 million and A$275 million to design and construct a 130-metre "hydrogen-ready" high-speed ferry for Swedish shipping company Gotlandsbolaget.Â
Austal’s aluminium shipbuilding legacy powered by Capral
For over three decades, Austal has been a leader in Australian shipbuilding, transforming from a small fishing vessel manufacturer into a global force in lightweight, high-performance ship design.Â
Austal USA launches new manufacturing hub to boost submarine module production
Austal USA has officially commenced construction on a new manufacturing facility dedicated to producing submarine modules, marking an expansion for the company and its role in supporting the US Navy.Â
Austal, Greenroom Robotics team up following Patrol Boat Autonomy Trial
Austal Australia and Greenroom Robotics have formalized a strategic commercial partnership, building on the success of their recent Patrol Boat Autonomy Trial (PBAT) conducted for the Royal Australian Navy.Â
Austal’s EBIT rises to $56.5M in FY2024 amid record $12.7B order book
Austal Limited announced its financial results for the fiscal year ending 30 June 2024 (FY2024), reporting a significant turnaround with Earnings Before Interest and Tax (EBIT) of $56.5 million.Â
Austal USA wins $55M contract for two additional Navy LCUs
Austal announced that its US subsidiary, Austal USA, has been awarded a contract modification valued at USD 54,997,317 (AUD 84,455,364) for the construction of two additional Landing Craft Utility (LCU) 1700-class vessels for the United States Navy.
Austal secures contract to build wind-powered trimaran for Vela Transport
Austal announced that its subsidiary, Austal Australasia, has secured a contract to design and construct a 66.8-metre wind-powered aluminium cargo trimaran for Vela Transport of Bayonne, France.
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Don’t get left behind: Manufacturing’s urgent need for digital transformation
As digital transformation reshapes industries worldwide, manufacturers in Australia and beyond are finding themselves at the forefront of an evolution. This shift presents opportunities for companies looking to improve efficiency, drive innovation, and boost growth.
