Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Austal Limited ( (AU:ASB) ) has provided an update.
Austal Limited has secured a contract worth between A$265 and A$275 million with Gotlandsbolaget of Sweden to design and build a 130-metre combined cycle, ‘hydrogen-ready’ vehicle passenger ferry. This project, part of Gotlandsbolaget’s ‘Horizon X’ program, will be the largest vessel ever constructed by Austal and will incorporate advanced green technologies, including a unique propulsion system utilizing gas and steam turbines. Scheduled for completion in mid-2028, the ferry aims to lead the transition towards decarbonization in commercial ferries, highlighting Austal’s commitment to climate-neutral emission targets and providing a sustainable and efficient transportation solution.
More about Austal Limited
Austal Limited is a prominent player in the shipbuilding industry, specializing in the design and construction of high-speed vessels, including ferries and naval ships. The company focuses on leveraging innovative technologies to enhance efficiency and sustainability in maritime transportation.
YTD Price Performance: 12.79%
Average Trading Volume: 3,428
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $898.8M
Learn more about ASB stock on TipRanks’ Stock Analysis page.
