ASB 0.95% $3.19 austal limited

Furthermore, Back a couple of weeks from the Austal website....

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  1. 567 Posts.
    Furthermore,
    Back a couple of weeks from the Austal website.
    They keep the positive news coming.
    And all patrol boats delivered by the due date, on budget.

    PRIME MINISTER INSPECTS AUSTAL'S NAVAL SHIPBUILDING CAPABILITIES IN WESTERN AUSTRALIA

    August 21, 2015
    Austal Chief Executive Officer Andrew Bellamy said the Australian Government’s recent announcement on a continuous shipbuilding program, including Future Frigates and Offshore Patrol Vessels, was a transformative change for the sustainability of Australia’s naval shipbuilding industry.
    Mr Bellamy highlighted Western Australia’s long and proud tradition of shipbuilding and sustainment, including Austal’s design, construction and support of Commonwealth’s Patrol boats for the past 17 years.
    Inspecting the 72m High Speed Support Vessel, which Austal was contracted to build after a competitive evaluation process, the Prime Minister was told of the numerous export vessel programs Austal has delivered over a period of more than 25 years, including the Frigate-sized 127m Littoral Combat Ship and 103m Joint High Speed Vessel programs for the United States Navy.
    The Prime Minister praised Austal’s track record in winning export defence contracts.
    “As Australia’s only global defence prime contractor, with a strong domestic and international track record of success in delivering multiple naval vessel programs on time and within budget, Austal eagerly awaits the Competitive Evaluation Process - for both the Future Frigates and Offshore Patrol Vessels - and welcomes the opportunity to demonstrate the company’s competitiveness.” Mr Bellamy said.
    The company has also submitted a proposal for the Pacific Patrol Boat Replacement Program, which shall see 21patrol boats designed, built and sustained for Pacific Island nations from 2017.
 
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