Austal wins $1b contract to build 18 new vessels for Australian Army
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The news: Austal has been awarded a $1 billion design and build contract under its strategic shipbuilding agreement with the Australian government.
The numbers: Under the agreement, Austal subsidiary Austal Defence Australia will design and build 18 landing craft medium vessels for the Australian Army at the company's shipyard in Henderson, Western Australia.
Construction of the first vessel is scheduled to begin in 2026 with the 18th and final vessel scheduled for delivery in 2032.
The steel vessels will be capable of projecting loads up to 80 tonnes, Austal said.
What they said: "The landing craft medium design and build contract awarded to Austal Defence Australia is the first vessel construction program in the government's commitment to delivering continuous naval shipbuilding at Henderson, Western Australia, enlivening decades of opportunity for individuals and businesses to engage, collaborate and invest in defence programs," said Austal CEO Paddy Gregg.
"With these 18 landing craft medium and any further vessels planned as part of the strategic shipbuilding pilot program, we are developing the shipbuilding capability to build larger, more complex vessels, in Henderson into the future and delivering sovereign shipbuilding capability for Australia."
The source: ASX
