News Articles for Austal

Austal has secured a contract to build two vessels for the US Navy, while also announcing that the Commonwealth has agreed to loan the government of Trinidad & Tobago $80 million to support a purchase from the local shipbuilder.

Austal will build a ferry for the government of Trinidad & Tobago, in a deal worth approximately $97.7 million, while also announcing it had won an advanced $54.9 million order for materials to construct a transport vessel for the US Navy.

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ANNIVERSARY SPECIAL: The future can be a scary place for many, but WA's entrepreneurial spirit will ensure we make the most of opportunity. This article is part of a special series to mark Business News' 25-year anniversary.

Henderson-based shipbuilder Austal has won a $US57.9 million ($80 million) contract with the US Navy to build a 103-metre catamaran.

Months after being overlooked by the Australian government for local naval contracts, Henderson-based Austal has achieved more success in the US, securing a $1.6 billion contract to build two ships for the US Navy.

Austal has appointed Chris Indermaur to its board as a non-executive director, while William ‘Bill' Plyley has stepped down as chairman of Stavely Minerals due to health reasons.

A strong performance in the United States has underpinned a 150 per cent increase in profit for shipbuilder Austal, although chief executive David Singleton has said the company's defeat in the offshore patrol vessel bid will mean a tougher future for its Henderson shipyard.

Austal has been selected as preferred supplier to build six naval vessels for the Philippines, using a design similar to the offshore patrol vessel concept which was unsuccessful in a recent federal government tender.

Austal has announced the government of Caribbean country, Trinidad & Tobago, intends to purchase two patrol boats in a deal worth approximately $100 million.

Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.

A public independent school in Armadale has become the first school in the state to trial a program that partners industry with education to encourage greater adoption of science, technology, engineering and maths subjects (Stem).

The federal government has today announced its $35 billion frigate project will be built in Adelaide, with local shipbuilder Austal missing out on the main contract.

A former Austal executive has been restrained from working for competitor Civmec on the $3.6 billion offshore patrol vessels program, after an interim injunction was handed down in the Supreme Court last week.

German shipbuilder Lürssen has unveiled plans to establish a joint venture with local contractor Civmec to build 10 offshore patrol vessels at Henderson, two weeks after it failed to strike a deal with experienced shipbuilder Austal.

Cystic Fibrosis WA is calling on volunteers and businesses across the state to help the charity raise $75,000 this Friday as part of its annual '65 Roses Day'.

The Henderson contractor that outplayed local shipbuilder Austal for a share of work on the navy's new offshore patrol vessels has doubled profit over the past nine months, but it remains unclear how much work it will gain from the $3.5 billion project.

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Austal has announced a $US30 million ($40 million) expansion of its commercial shipbuilding operations across three sites, including a $6 million upgrade at Henderson, days after the company was left out of the contract to build Australia's new offshore patrol vessels.

The German company contracted to build Australia's new offshore patrol vessels has concluded negotiations with its build partners, but Henderson-based Austal will not be participating, with Civmec being the big local winner.

From small operator to market leader, local business Kingman Visual's signage portfolio includes high-profile work at Perth Airport and Optus Stadium.

Local shipbuilder Austal has expanded its footprint in the US with the acquisition of technology company ElectraWatch in a cash deal worth $US6.7 million ($9 million).

German shipbuilder Lürssen has awarded Civmec a key contract for the Royal Australian Navy offshore patrol vessels, which are being built as part of a $3.6 billion federal government program.

The US arm of Henderson-based shipbuilder Austal has secured a $US10.2 million ($13 million) for engineering and design work with the US defence department.

John Rothwell remembers some of the most significant deals made in the early days of shipbuilder Austal, in the latest instalment in our series to celebrate Business News' 25th anniversary.

Shipbuilder Austal reported a big jump in profit for the first half of the financial year, while it is still unsure of what its exact role will be in the upcoming $3 billion offshore patrol vessel build program.

Henderson-based contractor Civmec lifted profit to $S10.4 million ($A10 million) for the first half of the financial year, up 59 per cent, on the back of a big surge in revenue.

Henderson-based Austal has been awarded a $20 million contract, through a joint venture with a Chinese shipbuilding company, for the design and build of four high-speed ferries.

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Perth-based shipbuilder Austal has signed a memorandum of understanding with JR Kyushu Jet Ferry to develop a new high-speed trimaran passenger ferry for the company's Japan-to-South Korea route.

Perth companies Austal and Civmec are looking forward to working on the construction of 10 navy vessels at Henderson but the amount and type of work they will undertake is unclear after the federal government selected Germany's Luerssen as its preferred designer and builder.

Anglicare WA has received confirmation that shipbuilder Austal will commit $300,000 to the not for profit's family and domestic violence support service, Young Hearts, over three years.

Perth-based shipbuilder Austal has denied it sent an update to shareholders signalling the potential closure of its Henderson shipyard, with chief executive David Singleton telling Business News the company was strongly positioned to remain in Western Australia.

WA company SilverYachts, which is one of three major boat builders at Henderson, is planning to establish international operations after a Chinese aluminium manufacturer bought a majority stake.

Austal has won a $190 million contract to build two ferries for a Spanish client, along with an order for a 15th littoral combat ship for the US Navy for an undisclosed sum, but the company has yet to decide whether the two ferries will be built at its Henderson shipyard or overseas.

Perth's top 20 ASX companies hit a big milestone this month, albeit only for one day – for the first time ever, they all had at least one female director. Click through to read about some of the talented women who made this happen.

Perth companies Mineral Resources and Zenith Energy have added to the diversity of their boards, appointing Chinese businesswoman Xi Xi and local executive Stephanie Unwin to their respective boards.

Henderson-based shipbuilder Austal has received a $US12.3 million ($A15.1 million) contract to provide post-delivery services work to the US Navy, in relation to its provision of littoral combat ships.