Civmec Secures Over $600 Million in New Contracts
Key points
- Acquisition of Luerssen Australia strengthens maritime defence sector
- Awarded major contract for Rio Tinto's Cape Lambert Port A facility upgrade
- Awarded contract for Fortescue's Christmas Creek Green Iron Project
Full summary
Civmec Limited ('Civmec' or the 'Group') has secured a series of new contract awards and extensions with a combined value of approximately A$600+ million. These awards reflect the Group's continued success in converting a strong pipeline of opportunities and reinforce its strategic focus on sustainable growth and orderbook diversification. This includes the addition of the SEA1180 program of works following Civmec's successful acquisition of Luerssen Australia, further strengthening the Group's position in the maritime defence sector. Civmec has also been awarded a significant package of works for Rio Tinto's Cape Lambert Port A facility, involving the upgrade of six balanced machines to support the introduction of high-density ore types. Additionally, Civmec has been awarded the contract for the installation of civils and SMPE&I for Fortescue's Christmas Creek Green Iron Project, which is part of Fortescue's commitment to developing the technologies and processes to produce green metal.
Guidance
Civmec expects to deliver the Cape Lambert Port A facility upgrade progressively across eight planned shutdowns throughout 2026. First production for the Fortescue Green Iron Project is anticipated in FY2026.
Outlook
Civmec's diversification into becoming an end-to-end supplier of services for balance machines is continuing to pay dividends, and the company is honoured to have the opportunity to participate in the planning and design development of the Perth Sporting and Entertainment Precinct Project, which will redefine the city's engagement with sport and entertainment.
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