Austal Limited Reports Strong Growth and Strategic Wins
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Austal Limited (AUTLF) reported strong Q4 earnings, with a 101% increase in EBIT to $113.4 million and total revenue rising 24% to $1.823 billion. The company secured new contracts, including a Strategic Shipbuilding Agreement with the Commonwealth of Australia, contributing to a robust order book valued at $13.1 billion. Austal maintains a strong cash balance of $583.9 million and is positioned for sustainable growth in both defense and commercial shipbuilding sectors.
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