Latest Austal News

Austal has received a non-binding indication of interest from a Wildcat Infrastructure-led syndicate to buy Austal USA for an enterprise value of US$1.25 billion to US$1.35 billion. The proposal is conditional on four weeks of due diligence, leaving the potential transaction at an early and uncertain stage.

AML3D Limited closed FY26 with a record $29 million order book, driven by US defence contracts and a $12 million investment to double its Ohio manufacturing capacity. The company’s cash receipts rose 20% to $10.4 million, while its sales pipeline expanded to $78 million.

AML3D has installed its first portable ARCEMY additive manufacturing system at the US Navy's Additive Manufacturing Centre of Excellence, marking a milestone in its partnership with Austal USA and expanding its footprint in military-grade 3D printing.

Austal Limited has won a A$136 million contract extension to build two additional Evolved Cape-class Patrol Boats for the Australian Border Force, increasing the total contracted vessels to six and reinforcing Australia's sovereign naval shipbuilding capabilities.

Austal Limited has addressed ASX concerns over its half-year financial report, confirming compliance with accounting standards despite a qualified audit opinion linked to US Department of Defense contractual relief revenue.

Metal Powder Works Limited reported a substantial increase in its half-year loss to $3.7 million, driven by investments in production scaling and market expansion. Revenue more than doubled, reflecting strong demand in defence, aerospace, and nuclear sectors.

Austal Limited reported a 21% rise in net profit to $30.5 million for H1 FY2026 on $1.11 billion revenue, yet declared no dividends amid a qualified audit.

Austal Limited has revised its FY2026 EBIT guidance downward by approximately A$25 million following the discovery of an overstatement in incentives related to its T-ATS program by its US subsidiary.

Metal Powder Works reported a stellar December quarter with a threefold increase in CP-Ti orders, expansion into precious metals, and strategic contracts that position it strongly in defence and advanced manufacturing markets.

Austal has won a A$135 million contract extension to build two additional Evolved Cape-class Patrol Boats for the Australian Border Force, expanding its fleet and reinforcing maritime security capabilities.

Metal Powder Works has formalized a partnership with Austal USA to develop custom metal powders for US Navy additive manufacturing, positioning MPW within a critical defense supply chain.

The Australian Treasurer has approved Hanwha Corporation’s increase of its direct equity stake in Austal Limited from 9.9% to 19.9%, setting the stage for potential strategic partnerships as Austal rides a wave of record revenues and defence contracts.