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 31/08/17

1 year TSR5 year TSR
717 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


230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Austal

45thDavid Singleton$563k
238thGreg Jason$530k
593rdJohn Rothwell$250k
Ranked by total remuneration from all listed WA companies

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