Paddy Gregg

Local shipbuilder Austal has been contracted to deliver a high-speed catamaran vessel for a repeat tourism client operating in French Polynesia.

Austal suffered a sharp drop in revenue and underlying earnings in the year to June, on the back of a strengthening Australian dollar, COVID-19 and decreasing support work in the US.

Henderson-based shipbuilder Austal has been contracted to build two steel vessels for the US Navy.

Austal’s US subsidiary has been contracted for $2.8 million to deliver initial design studies for the United States Navy’s Next Generation Logistics Ship program.

A new defence pact with the US and UK will create opportunities for businesses in training, technology, and subsea industry, Austal chief executive Paddy Gregg says.

Henderson-based shipbuilder Austal has reported an “expected” decrease in revenue to $722 million for the first half of FY22 but achieved record earnings.

Austal’s share price fell sharply today after it disclosed an agreement to build offshore patrol vessels for the Philippines navy had fallen through.

Austal boss Paddy Gregg said the 11,000 square metre shipbuilding facility in Alabama marked a significant expansion for its international subsidiary.

Shipbuilder Austal has emerged as a beneficiary of Prime Minister Scott Morrison’s Easter campaign blitz in Western Australia.

Henderson-based shipbuilder Austal has received yet another lucrative contract with the US government.

Henderson-based shipbuilder Austal has valued a suite of recently secured domestic and overseas work at more than $300 million.

Austal’s share price has hit a 10-month high with the Henderson-based shipbuilder announcing it could be in line for $4.35 billion of work with the US government.

Jobs for Austal's US division are continuing to roll in with the Henderson-based defence contractor picking up $225 million worth of work with the US Navy.

More than a year after Australia committed to buying nuclear-powered submarines, industry is no closer to knowing how it will be involved in the project.

Australian shipbuilder Austal has secured a contract with the US Navy Virginia-class submarine program worth up to $US25 million.

Perth-based shipbuilder Austal has recorded a $7.3 million loss for the first half of 2023 and forecasts an even bigger blow for the full financial year.

US regulators have charged three Austal USA executives for their roles in an alleged fraudulent accounting scheme, six months after the shipbuilder settled with ASIC over similar breaches.

Shares in the Perth shipbuilder have rocketed on the back of a new contract win that could see the group’s overseas division build up to seven surveillance ships for the United States Navy.

Austal says it is regularly involved in discussions with potential suitors in response to reports several US investment funds had approached the Henderson-based shipbuilder.

Henderson shipbuilder Austal has added a $104 million contract from the United States Navy to its US-division’s order book.

Shares in Austal sink as it unveils what chief executive Paddy Gregg says is a “clearly disappointing” financial result stemming from the shipbuilder’s US operations.

Shipbuilder Austal will book a $13.8 million loss for the year, as had been foreshadowed, and start a global hunt to find a new president for its US operations to replace Rusty Murdaugh.

Henderson-based shipbuilder manufacturer Austal has been awarded a $143 million contract for the construction of three vessels for the US Navy.

Henderson shipbuilder Austal, construction and engineering company Civmec and Spain's Navantia Australia have joined forces in a bid to deliver six warships for the Royal Australian Navy.

A heads of agreement anointing Henderson-based Austal as the nation’s strategic shipbuilder of choice in WA will guarantee the industry’s local future, according to the federal government.

In this podcast: Mark Beyer and Mark Pownall discuss FMG; Austal; IR reforms; office occupancy; Burswood Park; apartment dramas; Scyne Advisory; CEO salaries and WA’s biggest employers.

Last month’s announcement by Austal is a significant moment for the future of the WA defence industry.

Henderson shipbuilder Austal has secured a $1.28 billion contract from the United States Navy to construct three enhanced medical support ships.

Defence shipbuilder Austal will build two additional Evolved Cape-class patrol boats for the Australian Navy, in a contract announced a week after an asylum seeker boat arrived at Beagle Bay.

Defence shipbuilder Austal believes a turnaround in its long-term order book will help it attract workers across from the battery minerals sector to its Henderson shipyard.

Shipbuilder Austal has been awarded a contract to design and construct a 71-metre passenger cargo vessel that is worth up to $40 million.

The commander of the United States’ Pacific naval fleet has accused China of unlawful and coercive behaviour while flagging the iron ore trade's potential deterrence value

Henderson-based ship builder Austal has won a $45 million contract to build a wind-powered trimaran cargo vessel for French company Vela Transport.

Shipbuilder Austal delivered improved financial results for the full year, despite paying a sizeable settlement that was offset through a major US land transaction.

Austal will expand production capacity at its US shipyard after signing a $670 million contract with a major US defence contractor.

Austal boss Paddy Gregg, one of the first Perth business leaders to respond to the US election, says he doesn’t believe the result will impact AUKUS.

Paddy Gregg-led Austal has secured a contract with Swedish firm Gotlandsbolaget, valued approximately between $265-275 million.

Austal has launched a $220 million capital raising to support its US operations, after which major shareholder Tattarang will get a board seat, while founder John Rothwell is selling down.

Austal chairman Richard Spencer says he does not believe Hanwha can add value to the Perth-based shipbuilder but nonetheless has agreed to meet with the South Korean company next week.

Perth company Austal is part of a major effort to revive naval shipbuilding in the US.