Austal Limited Expands Patrol Boat Fleet for Australia

Austal Limited (AU:ASB) has released an update.

Austal Limited has secured a contract extension worth A$137.02 million to build two additional Evolved Cape-class Patrol Boats for the Australian Border Force, bringing their total to 12 vessels. These state-of-the-art patrol boats enhance Australia’s maritime security with advanced systems and increased capacity, reflecting Austal’s strong shipbuilding capabilities. This expansion further solidifies Austal’s role in bolstering national security through reliable maritime assets.

For further insights into AU:ASB stock, check out TipRanks’ Stock Analysis page.