Austal Ltd
Weekly Wrap: Markets edge as Rio-Glencore talks spark change in mining bid
Rio Tinto slides 6% on Glencore all-stock merger talks; BlueScope up 2% after rejecting a $30 offer. ASX 200 drifts -0.1% as deal news dominates.
Rising Defence Budgets Create Momentum for ASB, BIS, EOS, DRO, and CDA
Special report from investorpulse.com.au – managed accounts that perform for a fraction of the price. Australia’s defence sector is undergoing a major transformation, with rising government spending, policy reforms, and international collaborations creating new opportunities for domestic firms. From naval shipbuilding and advanced technology projects to AUKUS initiatives, key programs are reshaping the industry. ASX-listed […]
Austal subsidiary wins $143.4m landing craft utility boat contract for US navy
Australian shipbuilder Austal (ASX: ASB) has announced its subsidiary Austal USA has been awarded a $143.4 million contract for the construction of three landing craft utility (LCU) 1700-class boats for the US navy. The fixed-price incentive and firm-fixed-price contract follows a previous contract for the detailed design of the same vessels and includes options for […]