ASX:ASBAerospace & Defense
Austal (ASX:ASB) Valuation Review As All Time High Follows Major Defence Contract Wins
Austal (ASX:ASB) has hit an all time high after securing a Strategic Shipbuilding Agreement with the Australian Government worth an initial A$1b to A$1.3b and expanding its U.S. shipyard operations.
See our latest analysis for Austal.
That agreement and the U.S. yard expansion sit on top of strong recent momentum, with a 30 day share price return of 33.74% and a 1 year total shareholder return of 178.10% signaling that investors are aggressively repricing Austal’s defence exposure.
If...