Austal’s Order Book Jumps 27% as US Business Sale Talks Continue
Austal’s order book rose 27% to about $17 billion, while revenue increased 11%, but the company swung to an operating loss and a net loss after heavy losses in its US shipbuilding business. Its Australian operations delivered stronger results, with revenue up 49% and record EBIT, supported by new defence contracts that the chairman said provide more than a decade of work. Talks over a possible sale of Austal USA continue, with Hanwha’s indicative offer still non-binding and no binding proposal received.
Closing price · 2026-10-27: $4.32 · +3.35%