Austal Limited announced that it expects the Company's Earnings Before Interest and Tax (EBIT) for fiscal 2021 will now be in the range of $112 million to $118 million, with reduced revenue of approximately $1.55 billion. The change from the previously issued guidance of $125 million EBIT and revenue of approximately $1.65 billion for fiscal 2021 is due to delays experienced on programs and associated costs caused by Covid-19 related border closures, travel restrictions and resourcing challenges that are impacting Austal's shipbuilding operations in Australia and the Philippines, as well as the requirement to provision for expected future expenses associated with civil penalty proceedings commenced by ASIC in the Federal Court of Australia.