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Austal has already built eight LCS vessels in the US. Photo: Austal

Austal signs $1.6bn US Navy contract

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.

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Kelmscott
I used to deliver goods to your plant in Henderson. Congratulations with your US Navy contracts. Shame on our own government whenever it won't support local industries to build our own navy fleet in Australia, let alone WA.

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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 28/09/18

1 year TSR5 year TSR
157thSeven West Media50%-10%
227thAustal30%22%
347thMonadelphous7%4%
369thNavitas2%-3%
452ndAusdrill-6%6%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/01/16
$4.6m Bought
04/09/15
$333k Sold
04/09/15
$7.2m Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

5th-Monadelphous$1,742.2m
6th↓Seven West Media$1,637.0m
7th↓Austal$1,408.5m
8th-Navitas$934.6m
9th↑Ausdrill$909.3m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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