Austal has produced boats for the Royal Navy of Oman at the Henderson facility.

Austal wins work in navy shipbuild

The state’s shipbuilding industry has had a big win, with the federal government selecting Austal as preferred contractor to build 21 Pacific Patrol Boats at its yard in Henderson in a contract worth at least $500 million.

The company has secured a further $400 million for sustainment work over the life of the boats, with Austal planning to conduct support work from its existing facility in Cairns.

The announcement forms a part of the continuous naval shipbuilding program launched last year by former prime minister Tony Abbott.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

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 31/10/17

1 year TSR5 year TSR
117thMonadelphous Group89%3%
394thSeven West Media5%-4%
726 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


4th-Seven West Media$1,679.0m
8th↓Monadelphous Group$1,252.1m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Austal

43rdDavid Singleton$563k
233rdGreg Jason$530k
581stJohn Rothwell$250k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer