Austal

Austal is an Australian defence and shipbuilding company that designs, builds and supports naval and commercial vessels. Founded in Western Australia, the company operates major shipyards in Henderson (Western Australia), Mobile (Alabama, United States) and the Philippines. Austal specialises in high-speed aluminium vessels and increasingly steel naval ships, supplying defence forces including the Royal Australian Navy and the U.S. Navy. The company’s operations are primarily divided between shipbuilding and sustainment services. Shipbuilding involves the design and construction of vessels for defence and commercial customers, while the support division provides maintenance, upgrades and logistics services for fleets already delivered to customers. This combination provides a mix of long-term construction contracts and recurring service revenue. Financially, Austal has experienced strong growth in recent years as defence programs ramp up. In the 2025 financial year, the company reported revenue of approximately $1.82 billion, reflecting increased shipbuilding activity in both Australia and the United States. Austal also maintains a large pipeline of contracted work. As of February 2026, the company reported a record order book of about $17.7 billion, including contracted work and options for future vessel builds. This order book provides visibility over more than a decade of shipbuilding activity. Across its global shipyards, Austal had 49 vessels under construction or scheduled for construction during FY2025, along with dozens of vessels under long-term support and maintenance contracts. These vessels include patrol boats, landing craft, expeditionary fast transports, and other naval platforms used by defence forces. With a growing order backlog, expanding shipbuilding capacity and increasing defence spending among allied nations, Austal has positioned itself as one of the most significant naval shipbuilders in the Australian and U.S. defence supply chains.