News Articles for Paddy Gregg

More than a year after Australia committed to buying nuclear-powered submarines, industry is no closer to knowing how it will be involved in the project.

Jobs for Austal's US division are continuing to roll in with the Henderson-based defence contractor picking up $225 million worth of work with the US Navy.

Austal's share price has hit a 10-month high with the Henderson-based shipbuilder announcing it could be in line for $4.35 billion of work with the US government.

Henderson-based shipbuilder Austal has valued a suite of recently secured domestic and overseas work at more than $300 million.

Henderson-based shipbuilder Austal has received yet another lucrative contract with the US government.

Shipbuilder Austal has emerged as a beneficiary of Prime Minister Scott Morrison's Easter campaign blitz in Western Australia.

Austal boss Paddy Gregg said the 11,000 square metre shipbuilding facility in Alabama marked a significant expansion for its international subsidiary.

Austal's share price fell sharply today after it disclosed an agreement to build offshore patrol vessels for the Philippines navy had fallen through.

Henderson-based shipbuilder Austal has reported an “expected” decrease in revenue to $722 million for the first half of FY22 but achieved record earnings.

A new defence pact with the US and UK will create opportunities for businesses in training, technology, and subsea industry, Austal chief executive Paddy Gregg says.

Austal's US subsidiary has been contracted for $2.8 million to deliver initial design studies for the United States Navy's Next Generation Logistics Ship program.

Henderson-based shipbuilder Austal has been contracted to build two steel vessels for the US Navy.

Austal suffered a sharp drop in revenue and underlying earnings in the year to June, on the back of a strengthening Australian dollar, COVID-19 and decreasing support work in the US.

Local shipbuilder Austal has been contracted to deliver a high-speed catamaran vessel for a repeat tourism client operating in French Polynesia.

Austal has lowered its full-year earnings and revenue targets, due to delays in construction as well as expected costs associated with a recent claim against the Henderson-based shipbuilder.

Henderson-based shipbuilder Austal will develop autonomous fast transport functions through a second contract win this week with the US Navy.

Local shipbuilder Austal is submitting a proposal to design and build an amphibious vehicle for the Australian Army.

Austal's net profit after tax was $52.4 million, up 29 per cent, while revenue fell 19 per cent to $840.3 million, due to a poor exchange rate and less throughput in the US.

There's unprecedented investment in Australia's defence industry manufacturers as the government embarks on the most significant armed build-up in a generation.

Austal recorded revenue of more than $2 billion this past financial year driven largely by the company's ongoing expansion into the US market.

Digital technology's growing influence on defence has prompted Henderson-based shipbuilder Austal to appoint vice-president Andrew Malcolm to the newly-created role of chief digital officer.

Shipbuilder Austal has appointed chief operating officer Patrick Gregg to lead the company next year, replacing current chief executive David Singleton, whose contract is due to end in December.