Australia's Austal climbs on $2.82 billion contract from Australian govt

Austal

20/02/2026 24:23

** Shares of Austal ASB.AX rise as much as 7.5% to A$6.42, their highest level since February 12

** Shipbuilder receives A$4 billion ($2.82 billion) contract for the construction of eight landing craft-heavy vessels

** Contract awarded by Australian government

** Stock is down 6% YTD, including the session's moves

($1 = 1.4172 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))