Austal Restricted (ASX:ASB) is happy to offer details about quite a few contracts that Austal has secured, which assist to diversify the Firm’s long-term income base whereas utilising its shipbuilding and assist experience. Austal has just lately been awarded contracts to:
Maintain two Cape-class patrol boats the Firm constructed for the Authorities of the Republic of Trinidad and Tobago (Trinidad and Tobago Coast Guard), in nation
Assemble an extra two Advanced Cape-class Patrol Boats (ECCPB’s) for the Royal Australian Navy (RAN), introduced by the Australian Authorities in April 2022.
Undertake the Detailed Design and Building (DD&C) of the USA Navy’s new Auxiliary Floating Dry Dock Medium (AFDM).

Mixed, the awarded contracts are price greater than A$300 million. Austal has secured a two-year contract to maintain the 2 Cape-class Patrol Boats the corporate constructed at its Australian operations for the Trinidad and Tobago Coast Guard (TTCG). The 2 58 metre vessels, TTS Port of Spain (CG41) and TTS Scarborough (CG42), will probably be sustained by Austal in-country, by way of to no less than 2024.


Austal Restricted Chief Government Officer Paddy Gregg stated: “The brand new contracts are an excellent demonstration of Austal’s functionality to tackle a number of tasks throughout numerous naval shipbuilding and assist applications, in Australia and abroad. The Trinidad and Tobago assist contract is one other instance of Austal establishing after which sustaining patrol vessels to make sure that they’ll function safely and effectively over prolonged durations, whereas offering vital longer-term income to Austal. The 2 further Advanced Cape-class Patrol Boats introduced by the Australian Authorities two months in the past have now been formally ordered, bringing the overall variety of vessels to be constructed to eight; demonstrating nice confidence within the vessel platform by the Royal Australian Navy, who’re already working three of the patrol boats all through Northern Australia. The competitively awarded, US$128 million contract for the Floating Dry Dock is Austal USA’s second metal vessel program for the US Navy and clearly demonstrates the Navy’s confidence within the Cellular, Alabama shipyard’s rising functionality to ship aluminium and metal vessels.”

Austal Australia will assemble an extra two Advanced Cape-class Patrol Boats for the Royal Australian Navy, bringing the overall variety of ships to be delivered to eight. (Photograph by ADV Cape Otway; Austal Australia)

Austal USA has commenced building of two Navajo-class towing and salvage (T-ATS) vessels for the US Navy, marking the graduation of metal shipbuilding on the Firm’s facility in Cellular, Alabama. Formally opened final month, the US$100 million facility was funded 50:50 by Austal and the United State Authorities. The T-ATS program is a US$145 million contract to construct two ocean-going tug, salvage, and rescue capabilities to assist U.S. fleet operations and will probably be a multi mission widespread hull platform able to towing heavy ships. The USA Navy’s new Auxiliary Floating Dock Medium (AFDM) may even be constructed at Austal USA’s metal manufacturing facility in Cellular, Alabama. The “Rennie” sort floating dock will incorporate options to enhance operability and maintainability, based mostly on Austal USA’s expertise from proudly owning, working and sustaining an analogous dry dock at its restore facility in Cellular.

Austal Australia can be delivering 21 steel-hull Guardian-class Patrol Boats for 12 Pacific Island nations and Timor Leste underneath the SEA3036-1 Pacific Patrol Boat Alternative Mission, with fifteen patrol boats delivered since 2018. Austal gives in-service assist to each the Cape and Guardian-class Patrol Boat fleets by way of an increasing service centre community together with Henderson, Western Australia, Cairns, Queensland and Darwin, Northern Territory. The Guardian-class patrol boats are a category of small patrol vessels designed and inbuilt Australia and offered to small South Pacific Ocean international locations. The category is designed to be up to date replacements for the Pacific Discussion board-class patrol boats offered to its allies from 1987 to 1997. They have been designed to make use of industrial off the shelf parts, to make them simpler to take care of for the small nations that may function them. Australia stood prepared to assist with coaching and upkeep, through the length of this system, as a result of Australia’s exterior safety points have been eased if it might depend on its sovereign neighbours having assets to police their very own exterior safety.

Austal Limited Wins A$300 Million in New Shipbuilding Contracts
Austal Australia will present in-country assist to the Trinidad and Tobago Coast Guard for the 2 Cape class Patrol Boats designed and constructed by Austal Australia, and delivered in 2021 for an preliminary two yr interval. (Photograph by Trinidad and Tobago Coast Guard)