June 22 (Reuters) - Austal Ltd ASB.AX :
* US GOVERNMENT FUNDING FOR AUSTAL USA SHIPYARD INVESTMENT
* U.S. DOD ANNOUNCED US$50 MILLION DEFENSE PRODUCTION ACT TITLE III AGREEMENT WITH AUSTAL USA
* IT IS LIKELY THAT AUSTAL WILL MATCH DPA AGREEMENT FUNDING WHICH WOULD TAKE TOTAL INVESTMENT TO AROUND $100M
* DPA TO MAINTAIN, PROTECT, AND EXPAND U.S. DOMESTIC PRODUCTION OF STEEL SHIPBUILDING CAPABILITY AND CAPACITY