ASX:ASBAerospace & Defense
Does Austal’s A$136m Patrol Boat Win Change The Bull Case For Austal (ASX:ASB)?
Austal Limited recently secured a A$136 million contract to build two additional Evolved Cape-class patrol boats for the Australian Border Force, further extending work on this vessel class.
This award lifts Austal’s already very large order book to about A$17.70 billion, providing more than a decade of contracted work across its defence programs.
We’ll now examine how this additional A$136 million patrol boat contract and enlarged order book might influence Austal’s existing investment...