Austal Ltd (Austal) is a designer and manufacturer of defense and commercial ships. The company serves defense fleet operators such as the US Navy, Australian Border Force, Royal Australian Navy, JR Kyushu, Swire Pacific Offshore, Molslinjen, Fjordline, Fred Olsen SA, and others. The company's activities include the design, construction, and support of commercial and defense vessels.

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Austal has been actively involved in research and development initiatives aimed at enhancing its shipbuilding efficiency and vessel performance. The company has made significant advances in additive manufacturing, vessel autonomy, and digital asset management. In Australia, Austal continues to invest in autonomous vessel development for future naval operations. In the United States, the company leads additive manufacturing efforts through the US Navy's Additive Manufacturing Center of Excellence in Danville, Virginia, developing supply chain and fabrication solutions for the next generation of naval platforms. The R&D unit of Austal is the Additive Manufacturing Center of Excellence in Danville, Virginia. This unit is responsible for spearheading the company's efforts in developing innovative technologies such as augmented reality tools for workforce training and shipyard manufacturing automation, as well as advancing additive manufacturing capabilities. In FY2025, the company incurred expenses of AUD9.743 million on R&D, which as a percentage of revenue, stood at 0.5%.