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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.

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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 31/10/17

1 year TSR5 year TSR
117thMonadelphous Group89%3%
324thAustal17%9%
394thSeven West Media5%-4%
458thNavitas-5%7%
726 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

4th-Seven West Media$1,679.0m
6th↓Austal$1,325.3m
8th↓Monadelphous Group$1,252.1m
9th-Navitas$967.8m
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

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