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Austal ( (AU:ASB) ) has shared an update.
Austal Australasia has secured a contract valued between A$14-16 million to build a 36-metre catamaran for Cruise Whitsundays, a part of Journey Beyond, Australia’s leading experiential tourism group. The vessel, designed by Incat Crowther and to be constructed by Austal Vietnam, is scheduled for delivery in December 2026. This contract underscores Austal’s leadership in the global commercial ferry market and highlights its shipyards’ capabilities. The catamaran will serve as a key transport link in the Whitsundays, enhancing passenger and crew experiences.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$5.18 price target. To see the full list of analyst forecasts on Austal stock, see the AU:ASB Stock Forecast page.
More about Austal
Austal is a global shipbuilder and defence prime contractor based in Australia, known for designing, constructing, and sustaining advanced commercial and defence vessels. With 37 years of experience, Austal has built over 350 vessels for 122 operators in 59 countries. It is Australia’s largest defence exporter and the first ASX-listed shipbuilder, with shipyards in Australia, the USA, Philippines, and Vietnam.
YTD Price Performance: 118.06%
Average Trading Volume: 1,305,143
Technical Sentiment Signal: Buy
Current Market Cap: A$2.84B
Find detailed analytics on ASB stock on TipRanks’ Stock Analysis page.