It was Friday afternoon, usual for SP to fade as people start to...

It was Friday afternoon, usual for SP to fade as people start to think about the weekend. I imagine that there will be more SP rises in the coming week, and if not, then it should come when the conclusion of contract negotiations and updated guidance is announced.

The venture into steel hulls with OPV bodes well for involvement in the much larger Future Frigates Program which is more than 10 times the value. The plan is for Austal to team up with ASC to provide an Australian shipbuilding option for FFP. A good strategic move from a number of viewpoints. Austal is already the largest aluminium shipbuilder in the world, a push into the much larger market of steel ships will see Austal expand for many years to come. If all goes to plan, I can see Austal transitioning from a cyclical stock to a growth stock.