PERTH - Austal Limited, an Australian shipbuilder, has secured a contract with the Commonwealth of Australia for the construction of two additional Evolved Cape Class Patrol Boats, valued at $157 million. This deal comes as part of a broader Heads of Agreement (HoA) that could see Austal expanding its role to include building Landing Craft for the Australian Army under project LAND8710.
The announcement made today underscores Austal's growing partnership with the Commonwealth and its integral role in bolstering Australia's maritime capabilities. The enhanced patrol boats feature improved vessel capability and connectivity, designed to accommodate a crew of 32, signifying an upgrade from previous models.
Austal's CEO Paddy Gregg highlighted the company's track record, having delivered 24 vessels for the government over the past five years. He expressed confidence in the potential signing of a Strategic Shipbuilding Agreement (SSA) by late 2024, which would further cement Henderson as a key hub for strategic shipbuilding in Australia. The SSA also hints at future prospects beyond the current deal, including the production of heavier Landing Craft if initial projects prove successful.
The ongoing dialogue between Austal and the Commonwealth regarding the specifics of LAND8710 indicates that completion of these vessel contracts is on the horizon. This agreement not only promises to enhance the capabilities of Australia's naval fleet but also ensures job security for Austal’s workforce, following on from last month’s delivery of the sixth boat in this class.
As both parties work towards finalizing an SSA by late 2024, this collaboration is set to strengthen and extend Austal's presence in Henderson, reinforcing its strategic position as a key shipbuilder for Australia.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.