Austal Ltd - Company Profile
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Austal Ltd (Austal) is a manufacturer of defense and commercial vessel platforms. The company's activities include the design, construction, and support of commercial and defense vessels. Austal's product portfolio includes high-performance defense vessels, passenger ferries, vehicle passenger ferries, offshore and windfarm vessels, and patrol boats. The company serves various customers, including the US Navy, the Royal Navy of Oman, and government law enforcement and border protection agencies globally. Austal's services are utilized in naval warfare, transport, humanitarian relief, and commercial maritime operations. The company operates through its shipbuilding and support facilities located in the US, Australia, the Philippines, and Vietnam and offers vessel services across Asia, North America, Europe, and the Middle East. Austal is headquartered in Henderson, Western Australia, Australia.
Headquarters
Australia
Address
100 Clarence Beach Road, Henderson, Perth, Western Australia, 6166
Website
www.austal.com
Telephone
61 8 94101111
No of Employees
4,479
Industry
Transport and Logistics
Ticker Symbol & Exchange
ASB (ASX)
Revenue (2024)
$1.2B
24.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
503.2%
(2024 vs 2023)
Market Cap*
$1.3B
Net Profit Margin (2024)
XYZ
387.1%
(2024 vs 2023)
* As of and is in US$
Austal Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Commercial | Contract Maintenance |
| Passenger Ferries | Consultancy |
| Vehicle-Passenger Ferries | General Refit and Repair |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Plans/Strategy | In August, the company announced its plans to sell Austal USA to Hanwha Defense USA, Inc. |
| 2026 | Contracts/Agreements | In May, the company secured a US$150 million contract extension to build two more Evolved Cape-class patrol boats for the Australian Border Force. |
| 2026 | Contracts/Agreements | In April, the company awarded a contract to Edge Total Intelligence for the development, integration, and support of maritime acquisition program management software. |
Competitor Comparison
| Key Parameters | Austal Ltd | HD Korea Shipbuilding & Offshore Engineering Co Ltd | Huntington Ingalls Industries Inc | Hanwha Ocean Co Ltd | ASC Pty Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | South Korea | United States of America | South Korea | Australia |
| City | Perth | Seongnam | Newport News | Geoje | Osborne |
| State/Province | Western Australia | - | Virginia | - | South Australia |
| No. of Employees | 4,479 | 1,543 | 45,000 | 35,000 | 2,600 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Paddy Gregg | Chief Executive Officer; Managing Director | Senior Management | 2021 | - |
| Christian Johnstone | Chief Financial Officer | Senior Management | 2023 | - |
| Richard V. Spencer | Chairman | Non Executive Board | 2024 | - |
| Chris Chadwick | Chairman - Austal USA | Executive Board | 2026 | - |
| Adrian Strang | Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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