Edition:
United States

Austal Ltd (ASB.AX)

ASB.AX on Australia Stock Exchange

1.78AUD
22 Aug 2017
Change (% chg)

$0.01 (+0.85%)
Prev Close
$1.77
Open
$1.68
Day's High
$1.79
Day's Low
$1.68
Volume
30,581
Avg. Vol
236,537
52-wk High
$2.02
52-wk Low
$1.13

Latest Key Developments (Source: Significant Developments)

Austal says Aulong JV wins second ferry contract in China
Wednesday, 2 Aug 2017 03:49am EDT 

Aug 2 (Reuters) - Austal Ltd :Aulong joint venture wins second ferry contract in China.Austal has been awarded a A$5.6 million contract to design and build a 35 metre high speed catamaran for Chinese mainland ferry operator, Blue Sea Jet.  Full Article

Austal signs teaming agreement with ASC Shipbuilding for australian government frigate build program
Wednesday, 7 Jun 2017 08:17pm EDT 

June 8 (Reuters) - Austal Ltd :Asc teaming agreement-asb.ax.Austal signs teaming agreement with asc for australian government frigate build program.‍Joined asc shipbuilding to announce its teaming agreement for build of $a35 billion sea5000 future frigates program​.Future frigate program will deliver replacement vessels for anzac fleet;production scheduled to commence from 2020 at government-owned shipyard in osborne​.  Full Article

ASBISc Enterprises PLC sets new unit in Azerbaijan
Tuesday, 16 May 2017 01:20am EDT 

May 16 (Reuters) - ASBISC ENTERPRISES PLC ::SAID ON MONDAY THAT IT SET UP A NEW UNIT, ASBC MƏHDUD MƏSULIYYƏTLI CƏMIYYƏT, IN AZERBAIJAN.THE COMPANY OWNS 51 PCT OF STAKE OF THE NEW UNIT .THE NEW UNIT WAS CREATED TO SUPPORT THE GROWING BUSINESS OF THE COMPANY IN AZERBAIJAN.  Full Article

Austal says FY2016 result in line with guidance, FY2017 outlook reiterated
Sunday, 28 Aug 2016 05:39pm EDT 

Austal Ltd : Maintain FY 2017 outlook of $45 - 55 million EBIT and continued cash generation from operations . Outlook for the US shipyard and the group remained positive . Outlook supports the ongoing payment of dividends . Says reiterates FY 2017 guidance of US shipbuilding EBIT margin between 5-7 per cent .  Full Article

Austal wins first ferry contract in new Chinese JV
Wednesday, 17 Aug 2016 11:52pm EDT 

Austal Ltd : Austal wins first ferry contract in new Chinese jv . Award of first ferry contract to aulong shipbuilding, a joint venture company by Austal and guandong jianglong shipbuilding of Zhuhai, China . Says construction of the vessel is anticipated to commence in October 2016, with delivery scheduled for October 2017 . Aulong shipbuilding has been awarded a A$10 million (RMB49.99 million) contract . Will not contribute to overall group earnings and will require some modest capital expenditure by aulong shipbuilding" .  Full Article

Austal Ltd says awarded a US$11.2 million cost-plus-fixed-fee contract modification from the U.S. navy
Sunday, 3 Jul 2016 09:00pm EDT 

Austal Ltd : Says awarded a US$11.2 million cost-plus-fixed-fee contract modification from the U.S. Navy .  Full Article

Austal Ltd expects FY16 EBIT loss in the range of $116 mln to $121 mln
Sunday, 3 Jul 2016 07:02pm EDT 

Austal Ltd : LCS program and earnings update . Says Austal expects to declare a final dividend of 2 cents per share . Sees EBIT guidance for FY 2017 is in the range $45-55 million . Austal expects to record an EBIT loss of $116-121 million in FY 2016 .  Full Article

Austal seeks trading halt
Wednesday, 29 Jun 2016 07:10pm EDT 

Austal Ltd : Trading halt . Seeks trading halt to complete review of its US performance and make an announcement updating guidance on the company's performance for 2016 .  Full Article

Austal Ltd awarded contract to design and build 109 metre high speed catamaran
Thursday, 23 Jun 2016 06:21pm EDT 

Austal Ltd : Austal to build new 109 metre high speed catamaran . Awarded contract to design and build a 109 metre vehicle passenger (ropax) ferry for Mols Linien A/S . Deal for circa A$100million .  Full Article

Austal updates on modification of LCS contract
Friday, 17 Jun 2016 01:29am EDT 

Austal Ltd : Austal USA lcs contract modification & shock trials . Modification sees the LCS contract value increase by the fixed-price amount of US$6.8 million .U.S. navy modified Austal USA's Littoral Combat Ship contract to enable procurement of spare "sea giraffe" radar for Independence variant LCS program.  Full Article

Austal USA wins $584.2 million U.S. defense contract: Pentagon

WASHINGTON Austal USA, a Mobile, Alabama-based subsidiary of Australian shipbuilder Austal Ltd , is being awarded a $584.2 million contract for the construction of a littoral combat ship for the U.S. Navy, the Pentagon said on Friday.