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Australian shipbuilder sails into recovery with military orders

Austal sets new course by focusing on operations in US and Philippines

The second Pacific patrol boat shapes up in Henderson, WA.

CEBU, Philippines -- It starts with a giant cutout. A computer-guided router moves over a large sheet of aluminum laid flat on a table, cutting out as many shapes as possible without wastage. Then Roland Cmusos and fellow workers pick up the pieces with a gantry-mounted crane and shift them to a pallet to be wheeled away.

"It's a bit like a giant Ikea flat-pack," says Wayne Murray, their boss.

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