Stock Track | Austal Ltd Soars 6.20% Intraday After Securing A$4 Billion Government Contract

Stock Track

Feb 20

Austal Ltd's stock price surged 6.20% during intraday trading on Friday, following the announcement of a major government contract award.

The Australian shipbuilder announced it has been awarded a A$4 billion (approximately US$2.8 billion) contract by the Commonwealth of Australia to build eight landing craft heavy (LCH) vessels. This contract represents a record order book for Austal and provides long-term demand visibility for the company's supply chain.

CEO Paddy Gregg stated that the contract provides "the incentive to invest in uplifting our capability." This marks Austal's second construction award under its Strategic Shipbuilding Agreement with the Australian government, following a A$1.03 billion contract awarded in December last year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1116069746"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1116069746\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1116069746?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-20 07:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1116069746","market":"sg","top_or_hot":-1,"title":"Stock Track | Austal Ltd Soars 6.20% Intraday After Securing A$4 Billion Government Contract","media":"Stock Track","content":"<p>Austal Ltd's stock price surged 6.20% during intraday trading on Friday, following the announcement of a major government contract award.</p><p>The Australian shipbuilder announced it has been awarded a A$4 billion (approximately US$2.8 billion) contract by the Commonwealth of Australia to build eight landing craft heavy (LCH) vessels. This contract represents a record order book for Austal and provides long-term demand visibility for the company's supply chain.</p><p>CEO Paddy Gregg stated that the contract provides \"the incentive to invest in uplifting our capability.\" This marks Austal's second construction award under its Strategic Shipbuilding Agreement with the Australian government, following a A$1.03 billion contract awarded in December last year.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Austal Ltd Soars 6.20% Intraday After Securing A$4 Billion Government Contract</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Austal Ltd Soars 6.20% Intraday After Securing A$4 Billion Government Contract\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-02-20 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Austal Ltd's stock price surged 6.20% during intraday trading on Friday, following the announcement of a major government contract award.</p><p>The Australian shipbuilder announced it has been awarded a A$4 billion (approximately US$2.8 billion) contract by the Commonwealth of Australia to build eight landing craft heavy (LCH) vessels. This contract represents a record order book for Austal and provides long-term demand visibility for the company's supply chain.</p><p>CEO Paddy Gregg stated that the contract provides \"the incentive to invest in uplifting our capability.\" This marks Austal's second construction award under its Strategic Shipbuilding Agreement with the Australian government, following a A$1.03 billion contract awarded in December last year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASB.AU","symbol_name":"AUSTAL LTD","start_time":0,"source_url":"","article_id":"1116069746","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116069746","pubTimestamp":1771542148,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Austal Ltd's stock price surged 6.20% during intraday trading on Friday, following the announcement of a major government contract award.The Australian shipbuilder announced it has been awarded a A$4...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASB.AU":"AUSTAL LTD"},"translate_title":"个股追踪|Austal Ltd获40亿美元政府合同后盘中大涨6.20%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASB.AU":1},"content_text":"Austal Ltd's stock price surged 6.20% during intraday trading on Friday, following the announcement of a major government contract award.The Australian shipbuilder announced it has been awarded a A$4 billion (approximately US$2.8 billion) contract by the Commonwealth of Australia to build eight landing craft heavy (LCH) vessels. This contract represents a record order book for Austal and provides long-term demand visibility for the company's supply chain.CEO Paddy Gregg stated that the contract provides \"the incentive to invest in uplifting our capability.\" This marks Austal's second construction award under its Strategic Shipbuilding Agreement with the Australian government, following a A$1.03 billion contract awarded in December last year.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}