Category: Paddy Gregg

  • Austal Australia books contract for two more Evolved Cape-class patrol boats

    Austal Australia books contract for two more Evolved Cape-class patrol boats Austal Limited (ASX:ASB) reports that Austal Ships Pty Ltd has been awarded a further contract extension for the construction of two additional Evolved Cape-class patrol boats for the Australian Border Force (ABF). This latest award, valued at over AUD 135 million brings the total…

  • Austal USA gets $273M for next OPC as build of first starts

    Austal USA gets $273M for next OPC as build of first starts Austal Limited (ASX: ASB) reports that its Austal USA subsidiary has received a $273 million contract option award from the United States Coast Guard (USCG) for the construction of the second Stage 2 Heritage-class Offshore Patrol Cutter (OPC) and the acquisition of long…

  • Hanwha Group gets U.S. clearance to up its stake in Austal

    Hanwha Group gets U.S. clearance to up its stake in Austal South Korea’s Hanwha Group has been eyeing an acquisition of Austal USA parent Austal (ASX ASB) for quite some time. Today, it appeared to be making some progress. Yonhap News Agency reports Hanwha Group as saying today that it has received approval from the…