Australian shipbuilder Austal Ltd. has halted buying and selling of its shares pending an announcement regarding a assessment of its U.S. enterprise.

The buying and selling halt of its peculiar shares was revealed in an announcement to the Australian Stock Exchange Thursday saying the buying and selling halt got here on the request of the corporate pending the discharge of an announcement.

A letter included within the launch stated the buying and selling halt is requested to allow Austal to finish a assessment of its U.S. efficiency and following completion of that assessment, make an announcement updating its steering on the corporate’s efficiency for 2015.

Trading might be halted from June 30 till Monday, July 4, at which level the corporate is anticipated to make an announcement.

Austal USA is a designer and producer of high-performance aluminum ships and a serious contractor for the U.S. Department of the Defense, with a 164 acre facility in Mobile, Alabama and workplaces in San Diego, California and Washington, D.C. The firm is at the moment prime contractor of two main U.S. Navy shipbuilding packages: the Independence-variant of the Littoral Combat Ship (LCS) and the Expeditionary Fast Transport (EPF).

Austal at the moment employs greater than 4,000 folks.