ASB 2.10% $2.33 austal limited

What spooked ASB??, page-12

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    I want to believe, but they don't believe

    ""There have been a series of issues with the Guardian class, some because of operator error. A boat gifted to Samoa was written off after it ran aground on a reef in 2021, with the officer in charge later found guilty of negligence by a police tribunal.

    Austal’s vessels have a chequered history. The Armidale class patrol boats suffered bad cracking from being overworked to intercept asylum seekers, while their interim replacement, six new Cape Class vessels, have been delayed after they were built with poor quality aluminium from China.

    Austal’s littoral combat ships built in Alabama for the US Navy have also developed cracks in their hulls, with a speed limit of 15 knots imposed""
 
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