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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 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.

US Navy taps Austal USA for $226 million additional T-ATS ships

Shipbuilder Austal Limited’s US unit has secured a $225.5 million contract with the US Navy to construct two Navajo-class Towing, Salvage, and Rescue ships...

Austal USA to design a new towing, salvage and rescue ship for US Navy

Austal USA, the American arm of the West Australia based shipbuilder Austal, has been awarded a US$3.6 million functional design contract to prepare for...
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How growth capital is helping an Australian manufacturer go global

There’s a particular kind of ingenuity that flourishes in regional Australia. Away from the noise of major business centres, founders build companies that quietly become world leaders in their field, solving deep specialised problems that global markets didn’t know could be solved. Modra Technology, based in Warragul in regional Victoria, is one of those companies.