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Austal ( (AU:ASB) ) has shared an announcement.
Austal Limited has secured a US$314 million contract with the United States Coast Guard for the Offshore Patrol Cutter (OPC) program, allowing Austal USA to order materials for three additional cutters. This contract, part of a larger US$3.3 billion agreement, underscores the strong partnership between Austal and the Coast Guard, enhancing Austal’s industry positioning. The OPCs will play a critical role in U.S. national security by conducting missions such as law enforcement and search and rescue, with capabilities to operate independently or as part of task groups, supporting both national and Arctic objectives.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$8.00 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 defense prime contractor based in Australia, known for designing, constructing, and sustaining advanced commercial and defense vessels. With over 38 years of experience, Austal has built more than 350 vessels for operators in 59 countries. It is Australia’s largest defense exporter and the first ASX-listed shipbuilder, with shipyards in Australia, the USA, Philippines, and Vietnam, and service centers worldwide. Austal specializes in monohull, catamaran, and trimaran platforms, and is a leading aluminum shipbuilder, also constructing steel and autonomous ships.
Average Trading Volume: 1,251,634
Technical Sentiment Signal: Buy
Current Market Cap: A$3.22B
For detailed information about ASB stock, go to TipRanks’ Stock Analysis page.