You bought because you intuitively know that Austal is not going...

You bought because you intuitively know that Austal is not going to be left behind here...


Shake-up of naval shipbuilding as concerns grow over future submarines, frigates
https://www.abc.net.au/news/2021-03-22/shake-up-of-naval-shipbuilding-as-concerns-grow/100020268

"...Scott Morrison will chair the new committee, which includes the Foreign Minister and Defence Minister, but the government says its decisions will still have to be endorsed by the NSC.

"The committee will ensure the naval shipbuilding enterprise and each component of it is on track to deliver against Commonwealth agreed outcomes, and emergent or forecast risks are identified that may impact or prevent achieving delivery of milestones," the government said.

...Sources have told the ABC that Prime Minister Scott Morrison has become increasingly worried in recent months about Defence's ability to deliver massive projects and has relayed his concerns directly to the Department's National Naval Shipbuilding Enterprise team. Last month, the visiting global boss of French defence giant Naval Group was bluntly reminded by the government of Australia's expectations on local industry content in the massive $90 billion Future Submarine contract...

...Australia needs to look after itself and have a robust and vibrant industry."