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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.

WA is set to win additional work under the $3 billion Offshore Patrol Vessels replacement 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 31/01/18

1 year TSR5 year TSR
113thSeven Group Holdings132%17%
170thMonadelphous76%-1%
242ndRCR Tomlinson40%16%
355thAustal17%23%
613thSeven West Media-26%-17%
709 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-Seven Group Holdings$2,340.3m
4th-Seven West Media$1,679.0m
5th↑Austal$1,325.3m
6th↑RCR Tomlinson$1,294.6m
7th↓Monadelphous$1,252.1m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Austal

40thDavid Singleton$563k
219thGreg Jason$530k
548thJohn Rothwell$250k
Ranked by total remuneration from all listed WA companies

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