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Austal ( (AU:ASB) ) has provided an update.
Austal Limited has secured $488 million in credit facilities as part of its $1.2 billion capital expansion program in the United States, aimed at enhancing its shipbuilding and submarine capabilities. This refinancing replaces existing syndicated facilities, offering better pricing, longer tenors, and increased financial flexibility, positioning Austal for growth and supporting its $14.5 billion order book. The move strengthens Austal’s balance sheet, enabling efficient construction of ongoing projects and pursuit of new opportunities.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$4.07 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 35 years of experience, Austal has delivered more than 350 vessels to 122 operators in 59 countries. It is Australia’s largest defense exporter and the first ASX-listed shipbuilder, with shipyards in Australia, the USA, the Philippines, and Vietnam, and service centers worldwide.
Average Trading Volume: 1,832,531
Technical Sentiment Signal: Buy
Current Market Cap: A$2.46B
For a thorough assessment of ASB stock, go to TipRanks’ Stock Analysis page.