Shipbuilder Austal rides military spending wave, shares defy market slump

By Yahoo! Finance   |   1 week ago
Shipbuilder Austal rides military spending wave, shares defy market slump

Analysts suggest that President Trump's policies benefit Australian shipbuilder Austal, with shares surging due to increased defense spending and demand for autonomy amid U.S.-China tensions. Austal's order book hits a record high, insulated from global market turmoil by its U.S. shipyards.

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