News Articles for Austal

Shipbuilder Austal reported an 11 per cent fall in full-year profit to $31.9 million, despite record revenue and a reduction in debt.

Ship builder Austal has won a joint contract of up to $100 million with General Dynamics for provision of modernisation services to the US Navy's Freedom and Independence class littoral combat ships.

Shipbuilder Austal has sold one of its ships, a 102 metre trimaran stock vessel, to Condor Ferries for $61.5 million.

Commercial real estate agency Colliers International has been appointed to sell engineering group Bradken's old foundry site in Henderson, expecting the 20,500 square metre site to attract offers e

Shipbuilder Austal has been awarded a contract to design and construct two high-speed catamaran ferries for a Middle Eastern oil and gas company in a deal valued at $30 million.

Having a ‘Eureka moment' was a long way down the list of reasons why some of WA's best-known entrepreneurs started their businesses.

Austal has been given the nod by the US Navy to start construction on two combat ships, raising the company's order book to a record $3.3 billion.

The signing of two long-term leasing deals by BAE Systems has highlighted the defence sector's role in the state's economy.

FEATURE: It has been a difficult year for many of WA's listed entities, but investors are backing the performance of most of the state's top executives.

Austal has agreed to sell its former satellite service base at Henderson to AME Offshore Solutions for $21 million, with the proceeds being used to reduce debt.

Giles Everist has joined the board of shipbuilder Austal as a non-executive director.

Perth companies Austal and Aquila Resources have bolstered their boards, with the recruitment of two prominent former executives.

Company directors must be getting nervous after watching the voting patterns at recent annual meetings.

Investors are betting the experts have got it wrong when it comes to forecasts for the price of iron ore.

Perth-based shipbuilder Austal has more than tripled its full-year profit on the back of its long-term contracts with the US Navy.

Henderson-based shipbuilder Austal has been awarded a fourth contract to construct a wind farm support vessel for UK-based Turbine Transfers.

The growing scale of Western Australia's $400 million defence sector has been recognised with the establishment of a local chapter of the Australian Society for Defence Engineering.

Austal executive director finance and company secretary Michael Atkinson has retired after 23 years with the company.

Ship builder and defence contractor Austal has upgraded its after-tax profit guidance for the 2012-2013 financial year to between $35 million and $40 million.

WA shipbuilder Austal has advised that deputy chairman John Poynton has resigned from the board, to focus on his other business and not-for-profit work.

The leaders of some of WA's top private businesses say overregulation is stifling the development of an entrepreneurial culture in Australia.

Shipbuilder Austal has won a $US19.9 million contract extension to provide support services for the shallow water combat ships it is building for the United States Department of Defense.

Henderson-based shipbuilder Austal has fallen $14 million short of its target for the retail component of a $78 million capital raising completed today.

Tin rattlers dig deep

Perth-based shipbuilder Austal has won a £10.5 million ($16.3 million) deal for the design and construction of three wind farm support vessels, which will operate off the European coast.

WA has increased its lead as the country's largest exporter, but the rate of growth has slowed.

Shipbuilder Austal has beefed up its capabilities at its Darwin boatyard, through the acquisition of Northern Territory-based hydraulic services firm Hydraulink NT and its associated business KM En

Shipbuilder Austal has reported an $11 million net profit for the year ended June 30, after the company's revenue reached a record $653 million.

Perth-based shipbuilder Austal has inked a deal with global marine navigations systems developer Kelvin Hughes to sell and support its technology in Australia and New Zealand.

Five of Perth's top entrepreneurs sat down with WA Business News to talk about managing change, boosting philanthropy and achieving long-term success.

Boat builder Austal has confirmed a contract for a fourth wind farm support vessel for UK company Turbine Transfers for GBP 4 million.

Perth-based shipbuilder Austal's United States-based operation has won a $1.5 million maintenance services contract with the US Navy.

Shipbuilder Austal has announced it has won a £7.4 million ($11.1 million) contract to design and construct three offshore support vessels for UK-based Turbine Transfers.

Austal has provided an update on a review of its Henderson operations first announced in May, saying it needs to regionalise its manufacturing base to remain competitive in the face of the strong-performing Australian dollar.

Perth-based shipbuilder Austal's US division has won a $US368.6 million contract to build a fourth littoral combat ship for the US Navy.

GESB recruits Langoulant, Nance

Henderson ship builder Austal has named Andrew Bellamy as its new CEO, moving him up the ranks from chief operating officer of the Australian business to the fill the void left by Bob Browning.

Henderson-based shipbuilder Austal has signed an $8 million deal to construct and deliver a high-speed passenger ferry for New Caledonia-based transport group Mary D Enterprises.

Shares in Austal closed up more than 15 per cent, after the shipbuilder agreed to changes to its US Navy contract to build 10 coastal warships.

WA-based shipbuilder Austal has bought defence services provider Australian Technology Information and confirmed the US Navy has asked the company to change its contract to build 10 new ships.