Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. It operates in four segments: USA Shipbuilding, USA Support, Australasia Shipbuilding, and Australasia Support. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval and other defense vessels; and patrol boats for government law enforcement and border protection agencies. It also develops and integrates advanced vessel control and information management systems, including MARINELINK, an integrated monitoring and control system; and motion control systems and interceptors. In addition, the company provides life capability management and vessel support services, such as crew training and instruction, vessel servicing, repair and maintenance, integrated logistics support, vessel sustainment, and information management systems support to naval, government, and commercial operators; and refit services and manages annual dockings. Austal Limited was founded in 1988 and is headquartered in Henderson, Australia.

Austal Limited

Austal is Australia's global shipbuilder, defence prime contractor and maritime technology partner, designing, constructing and supporting defence and commercial vessels for operators.

Austal

Austal Patrol Boats

Austal Philippines

Austal Vietnam

Austal Careers - Australia

Austal is an Australian shipbuilder and global defence prime contractor which designs, constructs and sustains some of the world’s most advanced commercial and defence vessels.

Austal successfully balances commercial and defence projects and celebrated 35 years of success in 2023.  As of FY2023, Austal has been contracted to design and construct 356 commercial and defence vessels for more than 121 operators in 59 countries worldwide.

Austal is Australia’s largest defence exporter and first ASX-listed shipbuilder. Austal has industry leading shipyards in Australia, the United States of America, The Philippines, Vietnam and service centres worldwide. 

Austal delivers iconic monohull, catamaran and trimaran commercial vessel platforms – including the world’s largest trimaran ferry and multiple defence programs such as the Littoral Combat Ship (LCS) and Expeditionary Fast Transport (EPF) for the United States Navy. Austal has grown to become the world’s largest aluminium shipbuilder.


Fortescue Metals

Austal USA has successfully launched the future USS Pierre (LCS 38), the 19th Independence-variant Littoral Combat Ship (LCS), for the US Navy.

Austal USA’s test and activation #team will now spend the next several months preparing her for sea trials, to be completed later this year.

Pierre is the second US Navy ship to be launched at Austal USA in 2024. 

#austal #austalUSA #usnavy #USSPierre #LCS38 #launch #independence-variant #littoralcombatship

One of the genuine highlights of the recent Indian Ocean Defence & Security (IODS) Conference in Perth was the 2024 Defence & Industry Dinner, in collaboration with the RSL WA Better Together Ball.

The sold-out black-tie event, hosted by Defence West and AMDA Foundation Limited was attended by nearly 1,000 people from across the Australian Defence Industry and the local Western Australian community, in support of RSL WA, Legacy WA, and WA Police Legacy.

Prior to a truly moving speech by Prof. Kylie Russell, widow of Australian Army Sgt. Andrew Russell, that got us all thinking about how we can better support our veterans and their families, another heartfelt acknowledgement was made for one of our industry's most highly regarded and respected individuals - RADM Davyd Thomas AO, CSC RAN (Retd).

RADM Wendy Malcolm AM CSM RAN, Head Patrol Boats and Specialist Ships and VADM Jonathan Mead, AO RAN, Director General Australian Submarine Agency, delivered individual speeches; announcing Davyd’s retirement from Austal and highlighting their experience with Davyd, in his various roles over many years at the Royal Australian Navy.

‘Nipper’, as he is widely and affectionately known, is retiring after a distinguished career totalling 50 years of dedicated service to the Royal Australian Navy and the Australian defence industry.

Davyd joined the Navy in 1974 and after graduating from the RAN College, quickly rose through the ranks, serving on a wide variety of platforms including patrol boats, guided missile destroyers, destroyer escorts and guided missile frigates. 

During his career, Davyd Thomas had command of the guided missile frigate HMAS Darwin, for which he was awarded the Conspicuous Service Cross (CSC) in 1997, and also HMAS Newcastle for Operation Slipper in the Persian Gulf, for which he was awarded the Commendation for Distinguished Service in 2003. He was subsequently appointed Commander of the Australian Fleet, Commander of the Australian Defence College and ultimately, Deputy Chief of the Royal Australian Navy, in 2008.

Following his retirement from full time service with the Navy in 2011, Davyd joined Austal as VP Defence, where he has played a crucial and highly influential role in developing new business for our shipbuilding teams around the world.

Highly respected, with boundless energy and enthusiasm, a sharp wit and cheeky sense of humour, Davyd has developed and maintained valuable working relationships, and genuine friendships, with leaders throughout the Australian and global defence industries, military and government organisations.

We wish Davyd ‘fair winds and following seas’ in his retirement and thank him again, for his dedication, loyalty and commitment to Australia’s defence force, defence industry, naval shipbuilding and sovereign capability.

Watch all the speeches and presentations from the Dinner, including Davyd Thomas’ acknowledgments, at https://lnkd.in/gJMFgC9B
 
#davydthomas #nipper #legend

Austal USA has been awarded a US$54,997,317 (A$84,455,364) fixed-priced incentive (firm-target) contract modification for the construction of two additional Landing Craft Utility (LCU) 1700-class vessels for the US Navy.

Austal USA was awarded an initial contract for the construction of three Landing Craft Utility (LCU) 1700-class vessels, with options for an additional nine vessels, in September 2023. 

The potential value of the contract for up to 12 vessels is US$379.7 million (AUD$587.6 million).

This contract modification brings the total number of LCU currently scheduled or under construction at Austal USA to five.

Austal Limited Chief Executive Officer Paddy Gregg said the contract modification confirms Austal USA’s successful start to construction of the first LCU vessel for the United States Navy, and again highlights the steel shipbuilding capability of Austal’s Mobile, Alabama facility.

“The United States Navy has recognised that Austal USA has made a great start to construction on the first LCU craft and has now exercised options for another two vessels; to be constructed at the Mobile, Alabama shipyard,” Mr Gregg said.

“The Austal USA team continue to demonstrate their industry leading capabilities to manage multiple steel naval shipbuilding projects for the United States Navy such as Towing, Salvage and Rescue (T-ATS) ships and Ocean Surveillance (T-AGOS) ships.

“We look forward to seeing these LCU 1700 class vessels join the fleet in the coming years and thank the United States Navy for again showing their great confidence in Austal USA’s shipbuilding capabilities.”

The steel hull, Landing Craft Utility (LCU) 1700-class are a heavy-lift capability with 170-ton payload capacity. They will be deployed with the United States Navy’s amphibious assault ships to support a range of military operations including the delivery of tracked and/or wheeled vehicles, troops and cargo from ship to shore, shore to shore, and back to ship.

Learn more at https://lnkd.in/g8_pag3h

#austal #austalusa #usnavy #landingcraftutility #LCU1700

Austal Australia has delivered the seventh of ten Evolved Cape-class Patrol Boats (ECCPB’s) under contract to the Royal Australian Navy.

The vessel, ADV Cape Solander, was officially accepted by Defence Australia at Austal’s Henderson, Western Australia shipyard.

Austal Limited Chief Executive Officer Paddy Gregg said Cape Solander was the first of two Evolved Cape-class Patrol Boats scheduled for delivery to the Royal Australian Navy in CY2024.

“The Austal Australia team are continuing to demonstrate outstanding capability, productivity and efficiency with the Evolved Cape-class Patrol Boat Project, that now comprises ten vessels for the Royal Australian Navy.

“Working closely with our valued supply chain partners and the project teams from the Department of Defence and Royal Australian Navy, the Austal Australia team is collaborating effectively to deliver sovereign capability for Australia.

“Our congratulations to the Royal Australian Navy on the delivery of their latest Evolved Cape and our thanks to the Austal team, Department of Defence and our industry partners for their continued dedication, commitment and efforts in delivering this latest, benchmark patrol boat.”

The SEA1445-1 Evolved Cape-class Patrol Boat (ECCPB) project, initially constructing six 58-metre aluminium monohull patrol boats for the Royal Australian Navy from May 2020, was extended by two vessels in April 2022 and a further two vessels in February 2024, bringing the total to ten vessels.

ADV Cape Schanck, the 8th ECCPB, is scheduled for delivery in the second half of CY2024 and two further vessels remain under construction at Austal’s Henderson, Western Australia shipyard.

The Evolved Capes feature new, larger amenities to accommodate up to 32 people, improved quality of life systems and advanced sustainment intelligence systems that further enhance the Royal Australian Navy’s ability to fight and win at sea. The patrol boats will be utilised for a wide variety of constabulary and naval missions and play a critical role in Australia’s national security, as a high-performing, reliable and effective maritime asset.

In-Service Support for the Cape, Evolved Cape and Guardian-class Patrol Boat fleets operated by the Australian Border Force, Royal Australian Navy and Pacific Island nations is provided by Austal Australia through dedicated service centres located in Henderson, Western Australia; Cairns, Queensland; and Darwin, Northern Territory.

Learn more about the Evolved Cape-class Patrol Boats at https://lnkd.in/gwrS-56U

#austal #austalaustralia #evolvedcapeclass #patrolboats #ausnavy #ADVCapeSolander #defence #defenceindustry #sovereigncapability

A fantastic first day for the Austal team at the Indian Ocean Defence & Security (IODS) Conference in Perth, Western Australia, "where AUKUS meets the QUAD".

CEO Paddy Gregg and the #team welcomed many guests to the stand; including Acting Prime Minister of Australia and Defence Minister, the Hon. Richard Marles MP, Defence Industry Minister the Hon. Pat Conroy MP, Minister for Veterans Affairs and Defence Personnel, the Hon. Matt Keogh MP, Premier of Western Australia, the Hon. Roger Cook MLA and WA Defence Industry Minister the Hon. Paul Papalia CSC MLA.

We were also honoured to host visits by naval and government delegations from around the world, including Chief of Naval Operations, US Navy, Admiral Lisa Franchetti; Chief of Staff, Japan Maritime Self-Defense Force, Admiral Akira Saito; and Senior Advisor to the Japanese Minister for Defense, Takami Yasuhiro.

#austal #austalaustralia #IODS2024 #whereAUKUSmeetstheQUAD #defence #defenceindustry

Austal Limited and Civmec Limited have today announced the execution of a Memorandum of Understanding (MOU) to form a Joint Venture (JV) to submit a proposal to the Commonwealth of Australia to support the LAND8710 Phase 2, Landing Craft Heavy (LC-H) project.

LAND8710 Phase 2 (LC-H) will deliver enhanced transport and littoral manoeuvre capability to the Australian Army to enable greater capacity and reach over the Indo-pacific region.

Under the MOU, Austal and Civmec will develop the structure, delivery process and detailed scope of the JV in preparation to submit tenders to the Commonwealth for LAND8710 Phase 2 (LC-H). It is intended for the JV to contract directly to the Commonwealth to undertake shipbuilding tasks for the LC-H project within the assembly hall at Civmec’s Henderson facility.

Civmec’s Executive Chairman, Mr Jim Fitzgerald, said “The proposed Joint Venture between Austal and Civmec will be an important step to ensure the continuation of naval shipbuilding at Henderson, with tenders, detailed scopes and commercial arrangement now able to be finalised at pace.”

“By combining Civmec’s Henderson shipbuilding facilities, which include the largest heavy engineering facility of its kind in Australia, our systems, steel manufacturing expertise and 4,000 strong labour force, together with Austal’s naval shipbuilding experience and long track record of delivery, the JV would be very well placed to deliver efficient Continuous Naval Shipbuilding in Western Australia to Defence.”

“There are many details to work through, including expansion of Civmec’s footprint in Henderson to ensure there is no impact to Civmec’s ongoing work for the resources, energy and infrastructure sectors”.

Austal’s Chief Executive Officer, Mr Paddy Gregg, said “We are excited by what a partnership could mean for continuous sovereign shipbuilding, particularly in Western Australia. A partnership and commercial arrangement with Civmec should complement our Strategic Shipbuilding Agreement with the Commonwealth.”

“It would provide the Commonwealth with immediate access to a larger pool of skilled shipbuilding workers that can transition across multiple projects via a ‘consolidated Henderson’ model. It will allow the Commonwealth to continue to leverage Austal’s naval shipbuilding experience and track record of delivery for the Commonwealth, including the upcoming Landing Craft-Heavy program.”

#austal #civmec #ausarmy #landingcraft #landingcraftheavy #defence #defenceindustry #sovereigncapability

	Jun '14	Jun '15	Jun '16	Jun '17	Jun '18	Jun '18	Jun '19	Jun '20	Jun '22	Jun '23	Jun '23	Jun '24
revenue	1.13B -	1.41B 25.54%	1.34B 5.31%	1.31B 2.26%	1.39B 6.35%	1.39B 0.09%	1.85B 33.12%	2.09B 12.69%	1.43B 31.49%	1.43B 0%	1.59B 10.92%	1.47B 7.33%
cost of revenue	1.03B -	1.30B 26.08%	1.40B 7.71%	1.19B 14.60%	1.26B 5.63%	1.26B 0%	1.66B 31.82%	1.85B 11.17%	1.20B 35.09%	1.20B 0%	1.49B 23.96%	1.30B 12.76%
gross profit	97.75M -	117.10M 19.80%	-58.06M 149.58%	115.63M 299.17%	131.49M 13.72%	130.28M 0.93%	189.91M 45.77%	239.29M 26.01%	230.28M 3.77%	230.28M 0%	99.10M 56.96%	172.51M 74.07%
selling and marketing expenses	8.40M -	14.67M 74.77%	14.61M 0.44%	16.49M 12.90%	15.85M 3.87%	15.85M 0%	18.15M 14.48%	23.88M 31.56%	22.69M 4.98%	22.69M 0%	19.77M 12.88%	16.84M 14.80%
general and administrative expenses	51.90M -	49.12M 5.34%	61.49M 25.17%	55.85M 9.17%	64.06M 14.70%	64.06M 0%	92.27M 44.03%	94.79M 2.74%	94.55M 0.26%	94.55M 0%	108.22M 14.46%	178.87M 65.28%
selling general and administrative expenses	60.29M -	63.80M 5.82%	76.10M 19.28%	72.34M 4.93%	79.92M 10.47%	79.92M 0%	110.41M 38.16%	118.67M 7.48%	117.23M 1.21%	117.23M 0%	127.99M 9.17%	195.71M 52.91%
research and development expenses					14.12K -	14.12K 0%
other expenses	14.53M -	31.88M 119.39%	16.49M 48.26%	2.76M 83.28%	16.48M 497.46%	-1.67M 110.13%	-2.57M 53.83%	-5.11M 98.79%	7.61M 249.05%	44.69M 487.07%	2.28M 94.90%	-694K 130.47%
cost and expenses	1.11B -	1.38B 24.47%	1.50B 8.52%	1.30B 13.71%	1.38B 6.34%	1.33B 3.80%	1.76B 32.53%	1.97B 12.07%	1.09B 44.73%	1.36B 24.93%	1.61B 18.44%	1.49B 7.37%
operating expenses	84.06M -	88.06M 4.76%	106.00M 20.36%	103.86M 2.01%	118.89M 14.47%	66.48M 44.08%	97.11M 46.07%	123.78M 27.46%	161.92M 30.82%	161.92M 0%	125.71M 22.36%	196.40M 56.23%
interest expense	8.74M -	4.99M 42.90%	6.61M 32.31%	7.20M 8.98%	8.53M 18.53%	8.53M 0%	8.28M 2.91%	8.27M 0.21%	8.37M 1.23%	8.37M 0%	12.46M 48.83%	19.03M 52.78%
ebitda	76.08M -	110.32M 45.01%	-86.66M 178.55%	78.99M 191.15%	103.73M 31.33%	86.12M 16.98%	119.71M 39.00%	161.26M 34.71%	165.49M 2.62%	165.49M 0%	33.21M 79.93%	43.39M 30.64%
operating income	13.68M -	29.03M 112.21%	-164.05M 665.06%	11.77M 107.17%	12.60M 7.07%	50.36M 299.67%	79.49M 57.85%	115.52M 45.32%	113.05M 2.14%	120.80M 6.85%	-26.60M 122.02%	-23.89M 10.21%
depreciation and amortization	23.77M -	24.27M 2.07%	29.90M 23.21%	31.52M 5.43%	37.31M 18.36%	35.76M 4.15%	40.22M 12.47%	45.74M 13.73%	44.69M 2.31%	44.69M 0%	59.81M 33.85%	67.28M 12.47%
total other income expenses net	18.11M -	31.50M 73.95%	13.29M 57.82%	2.25M 83.09%	15.10M 572.10%	4.90M 67.55%	6.07M 23.88%	8.00M 31.71%	7.61M 4.79%	-8.37M 209.94%	11.09M 232.51%	65.22M 488.14%
income before tax	47.14M -	80.69M 71.16%	-126.36M 256.60%	39.87M 131.55%	56.78M 42.44%	55.26M 2.68%	85.56M 54.83%	123.51M 44.35%	112.43M 8.97%	112.43M 0%	-15.51M 113.80%	41.34M 366.44%
income tax expense	15.29M -	27.54M 80.16%	-42.18M 253.18%	24.52M 158.12%	17.76M 27.57%	17.73M 0.15%	24.18M 36.39%	34.53M 42.82%	32.86M 4.84%	32.86M 0%	-1.74M 105.29%	26.46M 1,620.69%
net income	31.55M -	53.23M 68.71%	-84.28M 258.35%	15.35M 118.21%	39.03M 154.25%	39.03M 0%	61.38M 57.28%	88.98M 44.95%	79.56M 10.58%	79.56M 0%	-13.77M 117.31%	14.88M 208.00%
weighted average shs out	342.04M -	342.38M 0.10%	347.67M 1.54%	345.09M 0.74%	346.23M 0.33%	346.23M 0%	349.60M 0.97%	356.24M 1.90%	361.34M 1.43%	361.34M 0%	362.40M 0.29%	362.51M 0.03%
weighted average shs out dil	342.04M -	354.83M 3.74%	347.67M 2.02%	345.09M 0.74%	348.46M 0.98%	348.05M 0.12%	354.07M 1.73%	360.81M 1.90%	363.31M 0.69%	363.31M 0%	362.40M 0.25%	365.09M 0.74%
eps	0.09 -	0.16 77.78%	-0.24 250%	0.04 118.33%	0.11 150.00%	0.11 0%	0.18 63.64%	0.25 38.89%	0.22 12%	0.22 0%	-0.04 117.27%	0.04 207.89%
epsdiluted	0.09 -	0.15 66.67%	-0.24 260%	0.04 118.33%	0.11 150.00%	0.11 0%	0.17 54.55%	0.25 47.06%	0.22 12%	0.22 0%	-0.04 117.27%	0.04 207.37%

COM:AUSTAL

Austal

Last Close

3.09

22/11 05:10

Market Cap

899.16M

Beta: -

Volume Today

1.94M

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