- Austal Limited secured a US$100 million loan from Export Finance Australia to boost its shipbuilding operations in Mobile, Alabama.
- The funding supports construction of U.S. Navy and Coast Guard vessels, including the Final Assembly 2 (FA2) project.
- The expansion aligns with both Australian and U.S. defence priorities, strengthening bilateral cooperation in naval production.
- Alongside the FA2 project, Austal is developing the MMF3 facility to expand submarine and surface ship manufacturing capacity.
Austal Limited has secured a US$100 million loan from Export Finance Australia (EFA) to expand its shipbuilding operations in Mobile, Alabama. The funding will enhance construction capabilities for U.S. Navy and Coast Guard vessels, supporting the company’s broader growth strategy in the United States. The loan forms part of Austal’s larger refinance package and marks a significant step in strengthening defence collaboration between Australia and the U.S., according to a report published by gCaptain.
The EFA-backed loan will directly support Austal’s Final Assembly 2 (FA2) project, a key component in expanding its U.S. production capabilities. The 10-year facility underscores the company’s robust order book, which includes U.S. Coast Guard Offshore Patrol Cutters and Navy Ocean Surveillance vessels. In parallel, Austal is advancing its Module Manufacturing Facility 3 (MMF3) project—another major investment in Mobile, Alabama—aimed at scaling submarine and surface ship production. These initiatives are part of Austal’s long-term capital growth strategy, combining debt, equity, and operational cashflow to fuel expansion. The company’s infrastructure development aligns with both Australian and U.S. defence priorities, further reinforced by recent government-backed agreements and contract awards. With ongoing progress in the Offshore Patrol Cutter program and enhanced shipyard capacity, Austal continues to strengthen its position as a global leader in aluminium shipbuilding and defence exports.
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Source: gCaptain
