Austal's new contract for maritime security

Austal (ASX:ASB) has secured a contract extension worth A$137.02 million to build two additional Evolved Cape-class Patrol Boats for the Australian Border Force. This increases Austal's total patrol boat construction to 12, with eight already delivered. The new vessels aim to strengthen Australia's Maritime Border Command and 'Operation Sovereign Borders'.

Austal's strategic advancement in maritime defense

Austal's recent contract extension for constructing two more Evolved Cape-class Patrol Boats highlights its ongoing commitment to strengthening Australia's maritime defense capabilities. With this A$137.02 million deal, Austal will deliver a total of 12 patrol boats aimed at enhancing maritime surveillance and protection under 'Operation Sovereign Borders'. The project initially involved building six patrol boats for the Royal Australian Navy and has been extended due to its success. Austal's global presence and expertise as a leading shipbuilder continue to play a pivotal role in national security. The company also supports these vessels with in-service support through its service centers across Australia. Austal's ambition is to provide advanced, reliable, and effective maritime solutions, ensuring robust protection of Australia's waters.

Executive insights on Austal's new contract

The additional vessels will enhance Australia's maritime surveillance and border protection capabilities, supporting national security efforts,' said Austal.