Why do they announce these small contracts? In this case its just an AUD $20 million service deal.
Last financial year's total revenue was more than $1.3 billion. So this represents about 1.5% of revenue. I guess its information on their progress but, if anything, I think it actually serves to worry the market that they are announcing small fry because there isn't large fry about.
News: ASB Austal Says Awarded Additional US$14.8 Mln Contract, page-2
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