Battling fraud allegations in its US division and initiating layoffs in Australia, ship building company Austal (ASX: ASB) is trying to batten down the hatches. And in that spirit, the Company’s USA arm has locked in a $4.8 billion contract for up to seven T-AGOS 25 class ships—or surveillance ships—for the US Navy. Austal USA
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Amidst the banks, biotechs and myriad of other businesses is boatbuilder Austal (ASX: ASB). The global shipbuilder designs and constructs commercial and defence ships for varying purposes. For 30 years, the Company has been producing vessels for over 100 operators across 54 countries, earning them a reputation as innovators in the niche field of shipbuilding,
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When it comes to defence force technology, Australia continues to be underrated as a leader on the global stage despite the United States Navy ordering their 15th vessel from Australian manufacturer Austal (ASX: ASB). The contract awarded is valued around USD$235m (AUD $295m) and will be the 15th Expeditionary Fast Transport (EPF) vessel to be
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