David Singleton says the build part of the contract will be worth $1.5 billion. Photo: Attila Csaszar

Austal, Civmec positive on $4bn naval build

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.


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Surely we have the expertise in this country to make this a 100 percent Australian venture. This is not in the best interest of Australian workers. Neither does it optimise the opportunity to broaden our skill base or ensure national security interests are given the highest priority. The Turnbull government's mantra about creating jobs and looking after Australian business is just a hollow string of words used to try and deceive voters.

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Austal (ASB)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
146thSeven Group Holdings68%18%
269thRCR Tomlinson29%16%
614thSeven West Media-29%-17%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$4.6m Bought
$333k Sold
$7.2m Sold
Total value as at the date of the transaction
Source: Morningstar


3rd-Seven Group Holdings$2,340.3m
4th-Seven West Media$1,679.0m
6th↑RCR Tomlinson$1,294.6m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Austal

37thDavid Singleton$563k
213thGreg Jason$530k
530thJohn Rothwell$250k
Ranked by total remuneration from all listed WA companies

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