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Austal wins US Navy landing craft contract

Defence, Manufacturing NewsBy Staff Reporter September 7, 2023

Australian ship builder Austal has won a $143 million contract with the US Navy to build three Landing Craft Utility vessels, with the potential to expand the work. The win follows a previous contract for the detail design of the vessels and also includes the option for the construction of an additional nine vessels as…

Austal confirms FY23 loss on US steel shipbuilding

Defence, Manufacturing NewsBy Peter Roberts August 31, 2023

International shipbuilder Austal has confirmed a NPAT loss for FY23 of $13.6 million, down from a profit of $79.6 million the previous year. The loss, set on revenue up 11 percent to $1.59 billion, is due to provisional losses of $171 million stemming from the construction of steel hulled Navajo class Towing, Salvage, and Rescue…