News Articles for Austal

US regulators have charged three Austal USA executives for their roles in an alleged fraudulent accounting scheme, six months after the shipbuilder settled with ASIC over similar breaches.

The state government has officially launched its trade office in Vietnam to strengthen its ties and attract further investment into Western Australia.

Perth-based shipbuilder Austal has recorded a $7.3 million loss for the first half of 2023 and forecasts an even bigger blow for the full financial year.

Australian shipbuilder Austal has secured a contract with the US Navy Virginia-class submarine program worth up to $US25 million.

Senior journalist Matt Mckenzie discusses his recent analysis of the state's infrastructure pipeline and explains the opportunity cost that comes with prioritising projects.

Shipbuilder and designer Austal has almost halved its earning guidance for the 2023 financial year after delays with a US contract.

Our board moves wrap includes Krista Bates, Lee Goddard, Eric Streitberg, Kelly Moore, Michelle Kennedy, Catherine Anderson, Scott Mathewson, Alan Rule, Michael Fry, Susan Park, and Evan Hayes.

Our board moves wrap includes Giles Everist, Johnathon Busing, Kavi Bekarma, Nick Woolrych, Ming Lu, and James Ellingford.

More than a year after Australia committed to buying nuclear-powered submarines, industry is no closer to knowing how it will be involved in the project.

Former Austal executive Greg Jason will not become chief financial officer of Decmil, two weeks after the contractor announced his appointment.

Perth company Austal has accepted it breached its continuous disclosure obligations and agreed to pay a financial penalty as part of a settlement with the Australian Securities and Investments Commission.

Jobs for Austal's US division are continuing to roll in with the Henderson-based defence contractor picking up $225 million worth of work with the US Navy.

Austal's share price has hit a 10-month high with the Henderson-based shipbuilder announcing it could be in line for $4.35 billion of work with the US government.

Henderson-based shipbuilder Austal has valued a suite of recently secured domestic and overseas work at more than $300 million.

Mining magnate Andrew Forrest's investment entity Tattarang has spent $163 million lifting its stake in two companies.

Mining billionaire Andrew Forrest has lifted his stake in Henderson-based shipbuilder Austal.

Henderson-based shipbuilder Austal has received yet another lucrative contract with the US government.

Shipbuilder Austal has emerged as a beneficiary of Prime Minister Scott Morrison's Easter campaign blitz in Western Australia.

Austal boss Paddy Gregg said the 11,000 square metre shipbuilding facility in Alabama marked a significant expansion for its international subsidiary.

Andrew Forrest has made a move into Western Australia's shipbuilding sector, acquiring an 8.1 per cent interest in Austal via his investment entity Tattarang.

Austal's share price fell sharply today after it disclosed an agreement to build offshore patrol vessels for the Philippines navy had fallen through.

As WA opens to the rest of the country, business leaders are debating which industries the state should target for growth.

Henderson-based shipbuilder Austal has reported an “expected” decrease in revenue to $722 million for the first half of FY22 but achieved record earnings.

A new defence pact with the US and UK will create opportunities for businesses in training, technology, and subsea industry, Austal chief executive Paddy Gregg says.

Austal's US subsidiary has been contracted for $2.8 million to deliver initial design studies for the United States Navy's Next Generation Logistics Ship program.

Business News has devised a collection of some of Perth's world-leading innovations.

Henderson-based shipbuilder Austal has been contracted to build two steel vessels for the US Navy.

Austal suffered a sharp drop in revenue and underlying earnings in the year to June, on the back of a strengthening Australian dollar, COVID-19 and decreasing support work in the US.

Local shipbuilder Austal has been contracted to deliver a high-speed catamaran vessel for a repeat tourism client operating in French Polynesia.

Many WA businesses have straddled the divide between defence and commercial sectors.

Austal has picked up $A58.7 million of additional works from the US defence department for modifications to its ongoing littoral combat ship contract.

Austal has lowered its full-year earnings and revenue targets, due to delays in construction as well as expected costs associated with a recent claim against the Henderson-based shipbuilder.

Austal and former chief executive David Singleton are facing legal action over an alleged failure to properly disclose a change in the company's earnings guidance in 2016.

Henderson-based shipbuilder Austal will develop autonomous fast transport functions through a second contract win this week with the US Navy.

Local shipbuilder Austal is submitting a proposal to design and build an amphibious vehicle for the Australian Army.

Former Austal boss David Singleton has taken on a new leadership role at Austin Engineering, which is relocating its headquarters to Perth.

Austal's net profit after tax was $52.4 million, up 29 per cent, while revenue fell 19 per cent to $840.3 million, due to a poor exchange rate and less throughput in the US.

Austal's US president has resigned following the completion of an investigation into the procurement and cost of labour for its combat ship program.

Construction of 10, Arafura-class offshore patrol vessels has helped boost Civmec's $1.1 billion order book as record spending has flowed into the defence sector.

News of a revived, $300 million maritime underwater tracking range comes as the federal government remains undecided on whether to bring full-cycle docking to WA.