Shipbuilder Austal will close its Tasmanian operations in a few months leaving most of the 121 employees out of work as the company amends operations in light of changed market demand for smaller vessels.
Shipbuilder Austal says it has terminated its teaming arrangement with US company Bath Iron Works in its bid to build 10 vessels for the US Navy, valued at $5.4 billion.
Henderson-based shipbuilder Austal will build two more vessels, valued at $225 million, for the US Navy after it exercised contract options as part of an existing $1.8 billion program.
Shipbuilder Austal could be in line to win further US defence contracts after a committee included funding for two more combat and high-speed vessels in its fiscal 2010 budget.
Shipbuilder Austal has entered a $12 million contract to manage and maintain services for two vehicle-passenger ferries owned by the government in Egypt.
Henderson-based shipbuilder Austal has taken a step towards a long mooted defence contract after the US Navy exercised an option to fund the purchase of long lead time equipment for two additional vessels, valued collectively at $450 million.
Shipbuilder Austal has pointed to the potential awarding of a US Navy contract as a possible reason for its 21 per cent share price spike over the past few trading days.
Less than a week after securing a deal to build the largest catamaran ferry in the company's history, Austal has secured a second ferry contract valued at $106 million.
Henderson shipbuilder Austal expects revenue and profit to continue its downward trend in the second half of fiscal 2009, as it reports a 43 per cent fall in first half net profit.
Austal has secured the lucrative contract for the US Navy and Army's Joint High Speed Vessel (JHSV) program, potentially worth US$1.6 billion to the company.
Perth-based shipbuilder Austal Ltd was warned of a challenging business environment for fiscal 2009 as it posts a record net profit of $52 million for the 2008 financial year.
Henderson-based ship builder, Austal Ltd, has announced a net profit after tax of $29.9 million for the six months to December 2007, up 35 per cent on the $19.4 million achieved in the 2006 corresponding half.
Henderson-headquartered ship builder Austal Ltd has been awarded a US$3 million ($3.3 million) preliminary design contract for the Joint High Speed Vessel programme for the US Navy and Army.
Austal Ltd has announced today an $82 million contract for four 47.5 metre passenger catamarans with Cotai WaterJets Ltd (Macao), additional to the initial ten-vessel contract signed in 2006 by sister company Venetian Marketing Services Ltd.
Henderson-based ship builder Austal Ltd has completed construction of its 14-vessel Armidale Class Patrol Boat fleet in a major milestone for the company, commemorated with a ceremony on Saturday.
While Western Australia's mining industry is well-represented on the list of the state's top exporters, a number of manufacturing and technology companies are also creating significant export revenue.
Henderson-based ship builder Austal Ltd has secured a net profit of $45.8 million in the 2006-07 financial year, a 3.6 per cent increase on the $44.2 million achieved in the previous reporting period.
Henderson-based ship builder Austal Ltd, has lost a patent infringement case in the Federal Court of Australia, brought by a rival ship builder over one of its hull designs.
Former Senator Ian Campbell will join the board of Henderson-based ship-builder Austal Ltd after former Alinta chief executive Bob Browning leaves to head up Austal's US operations.
A growing number of Western Australian businesses are bringing their international recruitment services in-house in an effort to cut out the costs associated with hiring migration agents.
Henderson-based ship-builder Austal Ltd has signed a $223 million contract for the construction of four vehicle-passenger ferries, which the company says is its largest individual contract to date.
The setting sun cast a warm glow over the decks of the imposing Osman Gazi, the impressive venue for the sixth annual WA Business News 40under40 awards held last month.
HENDERSON-BASED shipbuilder Austal Ltd and its joint venture partner, General Dynamics, have received approval to build a second Littoral Combat Ship for the US Navy.
Henderson-based shipbuilder Austal Ltd has got the go-ahead with its joint venture partner, General Dynamics, to build a second Littoral Combat Ship for the United States Navy.
Henderson-based shipbuilders Austal Ltd today announced it expected to perform above market expectations of $36 million net profit in its full-year result, due to "once-off benefits".
Henderson-based ship builder Austal Ltd has won a $90 million contract to supply two 65 metre aluminium multi-purpose passenger ferries for the Sultanate of Oman.
WESTERN Australian ship builder Austal Ships announced this week 10 years ago it was looking to win two orders for passenger-only ferries from customers on Kyushu Island in Japan.
Private equity investors participated in some of the largest and most notable transactions in Western Australia in 2005, including the rescue of biotech company Chemeq and the acquisition of EG Green Group.
Henderson shipbuilder Austal Ltd has confirmed a $145 million order from a Turkish customer to build two 88m high-speed, vehicle-passenger ferries for use in the waters off Instanbul.
AUSTAL Limited and fellow Henderson resident Raytheon Australia have joined forces to bid for the Australian Govern-ment tender, worth up to $2 billion, to build two amphibious sh
