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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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Sydney to spotlight the latest in manufacturing at AMW 2024

With the Australian Manufacturing Week (AMW) 2024 fast approaching, Sydney is set to become the epicentre of groundbreaking innovations in the advanced manufacturing sector.Â