Australian government approves landmark shipbuilding deal with Austal

The Australian Government has approved a Strategic Shipbuilding Agreement with Austal that will establish the company as the Commonwealth’s strategic shipbuilder for Tier 2 surface combatants at Henderson, Western Australia, according to an announcement on Monday. Under the agreement, Austal Defence Shipbuilding Australia, a newly created subsidiary, will become prime contractor for the LAND8710 programs…

Austal shows (again) why it should remain Australian controlled

By Peter Roberts Shipbuilder Austal has again shown at its annual general meeting the folly of Australia’s apparent unconcern should the company fall under foreign ownership. In September Korea’s Hanwha gave up on a takeover of Austal, a deal that was waved through by Defence Minister Richard Marles as of no concern to the government.…

Austal awarded $670m contract for n-submarine module construction

Shipbuilder Austal has announced that Austal USA has been awarded a $670 million (US$450 million) contract by General Dynamics Electric Boat for nuclear submarine module construction. The contract will enable Austal USA to expand production capacity at its US shipyard in Mobile, Alabama (pictured) as part of the U.S. Navy Submarine Industrial Base (SIB). It…