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Austal Ltd (ASB.AX)

ASB.AX on Australia Stock Exchange

1.66AUD
12:17am EDT
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$1.66
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$1.65
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Volume
135,748
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$1.95
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Latest Key Developments (Source: Significant Developments)

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 re-enters Chinese domestic ferry market with JV
Monday, 6 Jun 2016 11:57pm EDT 

Austal Ltd : Says signed an agreement to form a jv with Guangdong jianglong shipbuilding company (jianglong shipbuilding) of Zhuhai, China . Re-entering the Chinese ferry market to design and build the next generation of high speed passenger ferries serving domestic routes . Co's intention that aulong jv will service Chinese market, while other international ferries are manufactured at co's operations in Philippines .  Full Article

Austal secures contracts worth over $4.9 mln
Wednesday, 1 Jun 2016 06:58pm EDT 

Austal Ltd : Austal awarded lcs 6 and 8 post shakedown availability contracts worth over US$4.9 million .  Full Article

Austal Ltd bags US$11.8 mln support contract from U.S. Navy
Thursday, 5 May 2016 11:37pm EDT 

Austal Ltd : Austal awarded US$11.8M support contract for lcs 8 . Deal to provide engineering, management services for planning and design in support of post shakedown availability for littoral combat ship Montgomery .  Full Article

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