Austal Limited (AU:ASB) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Austal Limited has secured an additional $48 million from the US Navy to continue maintaining Littoral Combat Ships in the Western Pacific, raising the total contract value to $166.4 million. This extension, part of Austal’s growth strategy, showcases their efficient and cost-effective maintenance services, which provide strategic benefits to the Navy. The work will primarily take place in Singapore, starting January 2025.
For further insights into AU:ASB stock, check out TipRanks’ Stock Analysis page.
