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Austal USA begins construction of second Offshore Patrol Cutter for US Coast Guard

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.

Austal delivers strong revenue results with long-term programs growth

Global shipbuilder Austal has recorded FY2022 H1 revenue of $775.0 million supported by strong growth in the sustainment business, with revenue from the segment rising 67 per cent to $194.6 million.
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From ship repair to autonomous underwater vehicles: Griffin Industrial’s next chapter with growth capital

Some of Australia’s most critical manufacturing happens where almost no one sees it: inside a fuel tank on a Navy tanker, in a machine shop south of Perth, on a workshop floor in western Sydney where a team is helping build autonomous underwater vehicles. Griffin Industrial does all three.