ASB 9.49% $3.00 austal limited

“Good for the Navy to build Constellations at Austal”, page-12

  1. 4,006 Posts.
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    Fully agree. And to @Samuai1290’s point that core business is - maybe - changing, to a certain extent ASB is already adapting to alternatives to supplement its shipbuilding expertise and to leverage its prime contractor status with the announcement of the Army/amphibious vehicle bid.

    With all the cash they’ve got, I also wonder if at some point we might also see them snap up a smaller defence-related technology business of some kind that nicely aligns. Something like https://krakenrobotics.com/ for example - “Canadian Ocean Company engaged in the design and development of advanced sensors, software and robotics. World leading innovators of synthetic aperture sonar (SAS)”. Alternatively a marine firm involved in commercial ship conversions to LPG or in new build hydrogen power. Endless possibilities, really, if they wanted to diversify or bolt on.

 
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