austal


Wednesday, March 4, 2026
Austal contracts Damen as Partner for local construction of LST 100 vessels for the Australian Army
Press Releases

Austal contracts Damen as Partner for local construction of LST 100 vessels for the Australian Army

On Friday, 20 February, Austal Defence Australia and Damen Shipyards Group signed a contract supporting the local construction of Landing Ship Transport (LST)

March 4, 2026
Total Views: 106

Monday, February 23, 2026
An illustration of the Damen LST100 design for the Landing Craft Heavy vessels
Defense

Austal Lands $2.8B Deal to Build Australia’s New Heavy Landing Craft Fleet

Austal Limited has secured a A$4 billion (USD $2.82 billion) contract from the Commonwealth of Australia to build eight 100-meter Landing Craft Heavy

February 23, 2026
Total Views: 352

Monday, December 15, 2025
Austal USA shipyard
Defense

Australia Approves Hanwha’s Increased Stake in Defense Shipbuilder Austal

Australia’s Foreign Investment Review Board has approved South Korean shipbuilder Hanwha Corporation to increase its direct equity shareholding in Austal

December 15, 2025
Total Views: 984

Wednesday, October 8, 2025
Austal USA shipyard
Shipbuilding

Austal Secures $100 Million Australian Government Loan to Expand U.S. Naval Shipbuilding Capacity

Austal Limited (ASX: ASB) has executed a loan agreement for US$100 million in funding from Export Finance Australia (EFA), Australia’s export credit

October 8, 2025
Total Views: 1139

Wednesday, August 6, 2025
Landing Craft Medium beach scene illustration
Defense

Australian Government Approves Strategic Defense Shipbuilding Deal with Austal

The Australian Government has approved a Strategic Shipbuilding Agreement (SSA) with Austal Limited that establishes the company’s new subsidiary, Austal

August 6, 2025
Total Views: 1392

Tuesday, June 10, 2025
US Navy supply ship docking at a shipyard with tugboats
Defense

Austal Disputes Hanwha’s Claims About U.S. Regulatory Approval for 100% Ownership

Australian shipbuilder Austal Limited (ASX: ASB) has challenged South Korean defense giant Hanwha Group’s announcement regarding U.S. regulatory approval

June 10, 2025
Total Views: 2351

Monday, June 9, 2025
Austal USA shipyard
Defense

South Korea’s Hanwha Cleared to Boost Control of U.S. Navy Shipbuilder Austal

Hanwha Group has received clearance from the Committee on Foreign Investment in the United States (CFIUS) to increase its shareholding in Australian

June 9, 2025
Total Views: 6406

Tuesday, March 18, 2025
Korean Giant Hanwha Acquires Austal Stake in Latest Push to Reshape U.S. Shipbuilding
Defense

Korean Giant Hanwha Acquires Austal Stake in Latest Push to Reshape U.S. Shipbuilding

Shares of Australian shipbuilder Austal Ltd. climbed after a unit of Hanwha Aerospace Co. became a substantial shareholder of the US Navy contractor, as South

March 18, 2025
Total Views: 5280

Tuesday, November 26, 2024
The Damen Landing Ship Transport 100 (LST100) has been selected as the preferred option for the Australian Defence Forces’ Landing Craft Heavy capability, to be constructed by Austal Australia
Shipbuilding

Austal Tapped to Build Australia’s New Heavy Landing Craft

Austal Limited (ASX: ASB) has been selected to construct eight Landing Craft Heavy vessels based on Damen’s Landing Ship Transport 100 (LST100) design.

November 26, 2024
Total Views: 2012

Wednesday, September 25, 2024
Austal USA shipyard
Shipbuilding

Hanwha Abandons Austal Takeover Bid Amid Due Diligence Dispute

Korean conglomerate Hanwha has officially withdrawn its takeover bid for Australian defense shipbuilder Austal, citing insurmountable obstacles in conducting

September 25, 2024
Total Views: 1990

Friday, May 31, 2024
An illustration of Auxiliary General Ocean Surveillance Ship T-AGOS 25 class ocean surveillance ships. Image courtesy Austal USA
Navy

Austal USA Wins $516 Million Contract to Construct Navy Ocean Surveillance Ship

May 31 (Reuters) – Austal Ltd has secured a $516 million contract to construct the lead ship of the United States Navy’s ocean surveillance

May 31, 2024
Total Views: 3064

Monday, April 1, 2024
USS Gabrielle Giffords (LCS 10) rolls out of Austal USA's facility, February 25, 2015. Photo: Austal USA
Shipping

Austal Rejects Takeover Proposal from Hanwha Ocean

By Scott Murdoch and Shivangi Lahiri April 2 (Reuters) – Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($661.9

April 1, 2024
Total Views: 4339

Thursday, November 16, 2023
USS Gabrielle Giffords (LCS 10) rolls out of Austal USA's facility, February 25, 2015. Photo: Austal USA
Defense

Austal Teams Up with Harland & Wolff to Pursue UK Shipbuilding Work

Australian shipbuilder Austal has announced a Memorandum of Understanding (MOU) with Harland & Wolff Group to pursue shipbuilding opportunities in the

November 16, 2023
Total Views: 4845

Tuesday, July 11, 2023
Daewoo Investor Eyes Purchase Of US Navy Shipbuilder
Navy

Daewoo Investor Eyes Purchase Of US Navy Shipbuilder

by John Konrad (gCaptain) South Korean conglomerate Hanwha, valued at $42 billion, is considering a strategic acquisition of Austal, a pivotal player in the

July 11, 2023
Total Views: 32044

Monday, April 10, 2023
Austal to Develop Hydrogen-Powered High-Speed Catamaran for Sweden’s Gotland
Shipbuilding

Austal to Develop Hydrogen-Powered High-Speed Catamaran for Sweden’s Gotland

Australian shipbuilder Austal has signed a Memorandum of Understanding (MOU) with Sweden’s Gotland Company to develop the design of Gotland’s

April 10, 2023
Total Views: 3161

Tuesday, April 4, 2023
Austal Stock Sinks On US Navy Investigation
Navy

Austal Stock Sinks On US Navy Investigation

by Sameer Manekar (Reuters) – Australian shipbuilder Austal sank as much as 8.4% to its lowest level in more than four years on Monday after the United

April 4, 2023
Total Views: 9441

Monday, April 3, 2023
Austal USA shipyard
Defense

Massive Accounting Fraud Uncovered at US Navy Shipbuilder, Three Executives Charged

Indictment reveals multi-year scheme to manipulate financial statements and mislead investors. A federal grand jury indicted three Alabama men on charges of

April 3, 2023
Total Views: 27055

Monday, July 25, 2022
Austal USA to Construct to Two More Navajo-Class Salvage Tugs for U.S. Navy
Defense

Austal USA to Construct to Two More Navajo-Class Salvage Tugs for U.S. Navy

The U.S. Navy has awarded Austal USA with a $156 million contract to construct two additional steel-hulled Navajo-class Towing, Salvage, and Rescue Ships

July 25, 2022
Total Views: 3342

Tuesday, February 23, 2021
Austal USA shipyard
Shipping

Austal USA President Resigns Amid Investigations Into LCS Program

Australian-based shipbuilder Austal has announced the resignation of Austal USA president Craig Perciavalle amid ongoing investigations in the United States

February 23, 2021
Total Views: 11659

Friday, October 25, 2019
Auto Express 115 austal
Shipping News

Austal to Build Biggest Ferry for Molslinjen

Western Australia-based Austal has won an order to build a 115-meter high-speed catamaran for Danish ferry operator Molslinjen. The vessel will be the largest

October 25, 2019
Total Views: 148