Austal inks $150m contract extension for two more Border Force boats

Austal secures $150M contract to build two additional patrol boats for Border Force

Austal Limited has been awarded a contract extension to build two additional Evolved Cape-class Patrol Boats (ECCPBs) for the Australian Border Force (ABF), in a deal valued at approximately A$150.3 million. The latest award brings the total number of ECCPBs contracted for delivery to the ABF to six, following recent naval deliveries under the same platform.  The announcement comes after Austal delivered the tenth Evolved Cape-class Patrol Boat …

Austal (ASX:ASB) Wins A$136m Contract, A$17.7bn Order Book

Austal’s order book is now nearly 10 times its market cap. Here’s what investors need to know Austal Limited (ASX:ASB) is in focus this morning after winning a fresh A$136 million contract to build two more Evolved Cape-class patrol boats for the Australian Border Force. On the surface, it is a routine defence deal. But dig deeper, and the real story is what this contract reveals about Austal’s order book, which now sits at a staggering A$17.7 b…

Austal inks $150m contract extension for two more Border Force boats

Henderson-based shipbuilder Austal will build two more evolved cape-class patrol boats for the Australian Border Force under a contract extension worth $150 million.