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3 stories mentioning ASX:ASBUpdated 28d ago

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Asia

Austal Earnings Expected to Rise in 2027, 2028, on Back of Long-Term Order Book, Euroz Hartleys Says

Austal's (ASX:ASB) earnings are expected to rise in 2027 and 2028, over 2026, driven by a long-term order book, Euroz Hartleys said in a note on Monday.It assumes an over AU$3 billion in revenue at around 8% per annum or over AU$250 million in earnings before interest and taxes (EBIT) for the best part of a decade, once mature and supported by a AU$17.7 billion order book.US shipbuilding and Australian margins only need to be steady on increased activity to increase EBIT, Euroz Hartleys noted.The investment firm retained its buy rating and AU$7.71 per share price target on Austral.

ASX:ASB
Asia

AML3D, Austal USA Deliver Portable Arcemy System to US Navy Hub

AML3D (ASX:AL3), together with Austal's (ASX:ASB) US arm, Austal USA, completed the delivery of its first portable Arcemy system to the US Navy's Additive Manufacturing Centre of Excellence in Danville, Virginia, according to a Wednesday Australian bourse filing.The system is built for quick deployment, enabling faster technology development and component production alongside existing large-scale Arcemy units, per the filing. Its portable design allows it to be reinstalled within just one to two days, which is significantly quicker than fixed systems.The completion triggers the final payment of around AU$1.2 million order from Austal USA, the filing added.AML3D's shares fell about 3% in recent Wednesday trade, while Austal's shares rose past 3%.

ASX:AL3ASX:ASB
Asia

Austal Awarded Around AU$136 Million Contract Extension for Construction of Two Patrol Boats for Australian Border Force

Austal (ASX:ASB) said Austal Ships was awarded a contract extension for the construction of two additional Evolved Cape-class patrol boats for the Australian Border Force, valued at around AU$136 million, according to a Monday Australian bourse filing.This brings the total number of patrol boats contracted for delivery to the Australian Border Force to six.The construction of the two new patrol boats will take place at Austal's Henderson shipyard in Western Australia.Its shares fell 2% in recent trading on Monday.

ASX:ASB

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