The boss of ASX-listed Austal says US plans to expand its naval fleet could create"great opportunities"for shipbuilder.
The local market has stormed higher,pushing aside uncertainty created by the bushfires and coronavirus to book its best January in nearly a decade.
It's been a pivotal year for the ASX-listed shipbuilder,as a turn in the limelight during the PM's White House visit helped spur a share price surge.
Shipbuilder Austal has delivered record net profit and revenue for 2019,but its CEO says its results should be considered the"new normal",not a peak.
Perth shipbuilder Austal celebrated its 30th birthday last week,marking a significant milestone for an Australian manufacturer in a tough industry.
Austal more than doubled its net profit last year to $39 million but its Australian operations recorded a loss.
WA shipbuilder Austal is readying a $100 million 109-metre high speed passenger catamaran for delivery to a Danish ferry operator.
The first boat from the $90 billion shipbuilding program hit the water on Monday and will be delivered as a gift to Papua New Guinea in October.