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Monday, June 15, 2015

Austal signals interest in buying government-owned defence firm ASC if privatised

Australian Submarine Corporation (ASC)Perth-based shipbuilder Austal has confirmed it would be interested in buying government-owned Adelaide defence firm ASC.

Austal designs and builds commercial and defence ships, and its clients include the US Navy.

The shipbuilder's chief executive, Andrew Bellamy, said Austal would be interested in acquiring ASC if the terms were right.

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