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Austal wins US Navy support contract

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.

Austal said the modification to the contract exercised options to provide class service efforts, special studies, analysis and review of the $4.8 billion Littoral Combat Ship (LCS) program.

Austal chief executive Andrew Bellamy said the company’s USA-based subsidiary would assess engineering and production challenges and evaluate the cost and schedule risks for the program.

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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 30/06/16

1 year TSR5 year TSR
260thMineral Resources32%-2%
314thSeven West Media14%-15%
365thRCR Tomlinson4%5%
460thMonadelphous Group-11%-10%
574thAustal-33%-14%
755 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

3rd-Monadelphous Group$1,869.5m
4th-Seven West Media$1,771.2m
5th↑Austal$1,445.9m
7th↓Mineral Resources$1,303.5m
8th↓RCR Tomlinson$1,150.3m
196 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Austal

247thGreg Jason$530k
564thJohn Rothwell$279k
503rdGiles Everist$98k
Ranked by total remuneration from all listed WA companies

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