Austal executes $100m loan agreement to enhance ship construction at Alabama facilities

Australian defence shipbuilder Austal has executed a US$100 million loan agreement with Export Finance Australia (EFA), the Australian Government's export credit agency, to partially fund the development of the final assembly two (FA2) project at the Austal USA shipyard in Mobile, Alabama.

The EFA loan facility to support the development of Austal's FA2 project was credit approved, but subject to completion of finance documentation, when Austal announced its AU$488 million (US$321 million) refinance package in late June 2025 and was included in that total package, hence this total refinancing amount remains unchanged.