Thought this may happen. Wonder how much of todays price jump was due to this outstanding news. Hope Austal have a fair slice of the action.Australia unveils plan for largest navy buildup since World War II
"Australia on Tuesday announced plans to build its largest navy since World War II, allocating more than $35 billion for the defense project over the next 10 years, in a move analysts said pointed to heightened tensions with China in the Indo-Pacific.According to a government statement, the plans will see the Royal Australian Navy boost its fleet of major surface warships to 26 in total after an independent review led by a retired US Navy admiral found “the current and planned surface combatant fleet is not appropriate for the strategic environment we face.”
Australia unveils plan for largest navy buildup since World War II
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