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Austal is an Australian shipbuilder and global defence prime contractor which designs, constructs and sustains some of the world’s most advanced commercial and defence vessels.
Austal successfully balances commercial and defence projects and celebrated 30 years of success in 2018. As of FY2020, Austal has been contracted to design and construct 340 commercial and defence vessels for more than 121 operators in 59 countries worldwide.
Austal is Australia’s largest defence exporter and first ASX-listed shipbuilder. Austal has industry leading shipyards in Australia, the United States of America, The Philippines, Vietnam and service centres worldwide.
Austal delivers iconic monohull, catamaran and trimaran commercial vessel platforms – including the world’s largest trimaran ferry and multiple defence programs such as the Littoral Combat Ship (LCS) and Expeditionary Fast Transport (EPF) for the United States Navy. Austal has grown to become the world’s largest aluminium shipbuilder.
Austal successfully balances commercial and defence projects and celebrated 30 years of success in 2018. As of FY2020, Austal has been contracted to design and construct 340 commercial and defence vessels for more than 121 operators in 59 countries worldwide.
Austal is Australia’s largest defence exporter and first ASX-listed shipbuilder. Austal has industry leading shipyards in Australia, the United States of America, The Philippines, Vietnam and service centres worldwide.
Austal delivers iconic monohull, catamaran and trimaran commercial vessel platforms – including the world’s largest trimaran ferry and multiple defence programs such as the Littoral Combat Ship (LCS) and Expeditionary Fast Transport (EPF) for the United States Navy. Austal has grown to become the world’s largest aluminium shipbuilder.
Overview
Location
Australia
Employees
5001-10000
Founded date
1988
Mentions in press and media 21
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Sep 16, 2026 | AML3D Posts First-Ever Half-Year Profit as FY26 Revenue Jumps 70% | Australian metal 3D printing company AML3D Limited has recorded its first-ever half-year profit, booking EBITDA of $608,000 for the six months to 30 June 2026, as the company closed out a financial year in which revenue climbed 70% to a rec... |
| Aug 27, 2026 | Lloyd’s Register wins Austal contract for Australian Army landing craft program | The attached photo shows Gavin Stewart, Executive General Manager Austal Defence Australia (left) and Steve McDowall, Director Naval Business Australasia at Lloyd’s Register signing the agreement at the Indian Ocean Defence & Security (... |
| Aug 11, 2026 | Shipbuilder Austal gets $1.2 billion offer for US operations from Hanwha | Aug 11 : Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market. Austal shares rose more... |
| Dec 12, 2025 | Australia approves Hanwha's larger stake in Austal with strict conditions | SYDNEY, Dec 12 : Australia said on Friday it would not oppose a proposal by Korea's Hanwha to nearly double its stake in Australian shipbuilder Austal, but the deal will be constrained by strict conditions covering data access and security.... |
| Dec 10, 2025 | New MoU Targets Optimized Surface Finishing for Aheadd CP1 Aluminum Alloy | Isotropic superfinishing technology provider REM Surface Engineering has signed a Memorandum of Understanding (MoU) with German manufacturer Nikon Advanced Manufacturing (Nikon AM) Inc. and aluminium specialist Constellium to jointly develo... |
| Apr 2, 2025 | Shipbuilder Austal rides military spending wave, shares defy market slump | Shipbuilder Austal rides military spending wave, shares defy market slump By Aaditya GovindraoApril 1, 202511:16 PM UTCUpdated ago Text Small Text Medium Text Large Text Share X Facebook Linkedin Email Link The future USS Gabrielle Giffords... |
| Sep 25, 2024 | South Korea's Hanwha Ocean halts talks to acquire shipbuilder Austal | SEOUL : South Korea's Hanwha Ocean said in a regulatory filing on Wednesday it has halted talks to acquire Australian shipbuilder Austal . In April, Austal said it had rejected an A$1.02 billion ($701.35 million) takeover offer because it w... |
| Sep 24, 2024 | Vela Raises $43M in Funding | Vela, a French wind-powered boat maker, raised €40m ($43) in funding. The round was led by Crédit Mutuel Impact, 11th Hour Racing, and BPI – French Public Investment Bank. Created by François Gabart, Michael Fernandez Ferri, Pierre-Arnaud V... |
| Apr 17, 2024 | See the 10 types of new US Navy warships plagued by shipbuilding delays | Military & Defense See the 10 types of new US Navy warships plagued by shipbuilding delays Lauren Frias 2024-04-17T19:12:18Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. I... |
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FAQ about Austal
When was Austal founded?
Austal was founded in 1988.
What has the press written about Austal?
Parsers VC has collected 21 articles mentioning Austal, among them “AML3D Posts First-Ever Half-Year Profit as FY26 Revenue Jumps 70%” (Sep 16, 2026) and “Lloyd’s Register wins Austal contract for Australian Army landing craft program” (Aug 27, 2026).
Is Austal still active?
Yes, Austal is active; its latest activity on Parsers VC dates from Oct 14, 2026.