tiprankstipranks
Austal Expands Fleet with New Government Order
Company Announcements

Austal Expands Fleet with New Government Order

Austal Limited (AU:ASB) has released an update.

Austal Limited has secured a deal with the Australian Government for two more Guardian-class Patrol Boats, totaling A$39 million, adding to the 22 already commissioned under the Pacific Patrol Boat Replacement Project. These boats, to be delivered in 2026, are part of Australia’s commitment to enhancing maritime security in the Pacific region. Austal’s CEO expressed gratitude for the government’s ongoing support and highlighted the company’s role in both building and servicing the fleet.

For further insights into AU:ASB stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskAustal Director Increases Share Holdings
TipRanks Australian Auto-Generated NewsdeskAustal Hits Milestone with 20th Patrol Boat Delivery
TipRanks Australian Auto-Generated NewsdeskAustal Limited Seeks Quotation for New Securities
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!