ASB 0.95% $3.19 austal limited

Navy recommends continuation of LCS program

  1. 658 Posts.
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    I was expecting a bigger move from ASB now that the Navy has recommended that the new SSC will in fact be an upgraded version of the LCS and the soon to ex Defense Secretary has confirmed that 52 ships will be built by the current builders.

    This should mean new orders beyond the current crop.

    That, plus an ever falling AUD will mean some nice safe profits in an ASX that will be hit hard by a slowing economy.
 
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