Austal receives $39m patrol boat order

The federal government has ordered two additional Guardian-class Patrol Boats from Perth international shipbuilder Austal Australia, valued at approximately $39 million. The 39.5-metre steel-hull patrol boats, to be constructed at Henderson in Western Australia and scheduled for delivery in 2026, are in addition to the 22 Guardian-class Patrol Boats previously ordered by Canberra under the…

Why selling Austal to a foreign bidder ‘beyond explanation’ – by Allen Roberts

Australian Manufacturing Forum member Allen Roberts is incensed that the federal government is comfortable with foreign takeover of our most important sovereign defence manufacturer, shipbuilder Austal, as is @AuManufacturing. Tasked in the Forum with detailing his concerns, minus expletives, Allen reports. Leaving out the expletives, let’s focus on a few obvious strategic points. The government…

Austal, under takeover threat, awarded new $779 million US Navy contract

By Peter Roberts Perth international shipbuilder Austal has been awarded a $779 million (US$516 million) US Navy contract modification for the construction of the lead ship of the T-AGOS (ocean surveillance) programme, T-AGOS 25. The company, the largest Australian owned and controlled prime defence contractor, said the contract modification exercised an option for ordering long…

Best of the week — the five most popular stories among readers, April 29 – May 3, 2024

What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Applications open for Industry Growth Program, $6.9 million announced for four not-for-profits to assist IGP A total of $6.9 million in grant funding was announced for four Industry Partner Organisations (IPO), alongside the opening of applications for the…

Marles would let Austal fall into overseas hands – I would not

By Peter Roberts Defence Minister Richard Marles is comfortable with the possibility of Australia’s most successful locally owned defence manufacturer, Austal, falling to overseas ownership. I, for one, am not. In April Korean defence group Hanwha bid to buy Austal, emerging into the open after months of speculation that the company was a takeover target.…