Austal Strengthens Defence Shipbuilding Pipeline with New ABF Contract
Austal Limited (ASX: ASB) has received an expanded order to deliver two more Evolved Cape-class Patrol Boats for the Australian Border Force, with the agreement exceeding AU$135 million in value. This award lifts the total number of Evolved Cape-class vessels contracted to Austal to 14, underscoring continued confidence in the platform and the company’s shipbuilding capability. The vessels are designed to support a broad range of border protection and maritime security operations, featuring enhanced crew accommodation, improved onboard systems, and advanced sustainment technologies to maximise availability. Construction will be undertaken at Austal’s Henderson shipyard in Western Australia, supported by a national supply chain and close collaboration with government stakeholders. With nine vessels already delivered and others under construction, the additional order further strengthens Maritime Border Command’s operational reach. The contract reinforces Austal’s long-standing partnership with Australian defence agencies and highlights its role as a key contributor to Australia’s sovereign shipbuilding and national security objectives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Austal Strengthens Defence Shipbuilding Pipeline with New ABF Contract
Austal Limited (ASX: ASB) has received an expanded order to deliver two more Evolved Cape-class Patrol Boats for the Australian Border Force, with the agreement exceeding AU$135 million in value. This award lifts the total number of Evolved Cape-class vessels contracted to Austal to 14, underscoring continued confidence in the platform and the company’s shipbuilding capability. The vessels are designed to support a broad range of border protection and maritime security operations, featuring enhanced crew accommodation, improved onboard systems, and advanced sustainment technologies to maximise availability. Construction will be undertaken at Austal’s Henderson shipyard in Western Australia, supported by a national supply chain and close collaboration with government stakeholders. With nine vessels already delivered and others under construction, the additional order further strengthens Maritime Border Command’s operational reach. The contract reinforces Austal’s long-standing partnership with Australian defence agencies and highlights its role as a key contributor to Australia’s sovereign shipbuilding and national security objectives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au