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Austral lands $1 billion defence deal. So why are its shares barely moving?

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The Austral Ltd (ASX: ASB) share price is edging higher on Thursday despite the scale of today’s announcement.

At the time of writing, the shipbuilder’s shares are swapping hands for $6.10, up 2.69%. In comparison, the S&P/ASX 200 Industrials Index (ASX: XNJ) is…



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