ASB 1.56% $3.16 austal limited

News: ASB Pentagon's No. 2 says cut in LCS ship program 'not an indictment'

  1. 68,069 Posts.
    lightbulb Created with Sketch. 460

    WASHINGTON, Feb 9 (Reuters) - U.S. Deputy Defense Secretary Robert Work said the Pentagon's plan to truncate the Littoral Combat Ship program at 40 ships instead of 52 reflected budget pressures and was "not an indictment" of the program.

    Lockheed Martin Corp LMT.N and Australia's Austal (ASB) each build different models of the smaller, fast coastal warships. Carter said he wants the Navy to have a competition and pick just one supplier for future ships.

    Work said the Pentagon decided to buy two of the ships in fiscal 2017, instead of scaling orders back to just one ship as Defense Secretary Ash Carter had ordered in a memo late last year, at the Navy's request. He said the move was meant to help ensure a smooth transition to a future competition by keeping both shipbuilders working for another year.

 
watchlist Created with Sketch. Add ASB (ASX) to my watchlist
(20min delay)
Last
$3.16
Change
-0.050(1.56%)
Mkt cap ! $1.072B
Open High Low Value Volume
$3.24 $3.24 $3.14 $2.334M 733.5K

Buyers (Bids)

No. Vol. Price($)
1 6465 $3.15
 

Sellers (Offers)

Price($) Vol. No.
$3.17 11605 4
View Market Depth
Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
ASB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.