Duratec Limited awarded an AU$100 million contract with the Department of Defence

Duratec Limited (ASX: DUR) announced that it had received an AU$100 million contract with the Department of Defence for wharf and harbor basin maritime upgrade works. The company starts the work immediately and is expected to complete it by March 2025. This contract supports the company’s strong order book of AU$530 million and AU$593 million in proposed works and an overall pipeline of tangible opportunities worth AU$1.84 billion.

The company said it is in a solid position to provide the works, drawing upon its proven marine infrastructure experience, minimising distraction to harbour functions and shipping activities, functioning in sensitive marine environments, and factoring in large tidal and climatic fluctuations.

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