Austal Limited (AU:ASB) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Austal Limited has been selected to construct eight Landing Craft Heavy vessels for the Australian Defence Force at the Henderson Defence Precinct in Western Australia. The project, based on Damen’s LST100 design, represents a significant opportunity for Austal and highlights the Australian Government’s commitment to continuous naval shipbuilding. The vessels, capable of carrying over 500 tonnes of military equipment, will enhance Australia’s naval capabilities for various operations.
For further insights into AU:ASB stock, check out TipRanks’ Stock Analysis page.