Business Services Industry
Austal buoyed by US commitment.
Australasian Business Intelligence, June, 2009
Byline: Louise Burke
Jun 23, 2009 (The West Australian - ABIX via COMTEX) -- Perth-based shipbuilding group Austal has announced that the US Navy is investing some $A125m in equipment for a second and subsequent ones of the high-speed cargo vessels of which the company is already delivering one. That initial deal has been worth $US185m ($A231m), and a decision on further work is due before mid-2010. On 22 June 2009 the stock closed $A0.07 higher at $A2.65.
Publication Date: 23 June 2009
AUSTAL LIMITED - ASX ASB UNITED STATES NAVY
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