Award of 2 additional Evolved Cape Class Patrol Boats

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Stock Austal Ltd (ASB.ASX)
Release Time 19 Dec 2025, 8:22 a.m.
Price Sensitive Yes
 Austal awarded 2 additional Evolved Cape Class Patrol Boats
Key Points
  • Austal awarded contract extension for 2 additional Evolved Cape-class Patrol Boats
  • Total of 14 Evolved Cape-class Patrol Boats now contracted to Austal
  • Reinforces long-standing partnership with Australian Border Force and Royal Australian Navy
Full Summary

Austal Limited (ASX:ASB) has announced that its subsidiary, Austal Ships Pty Ltd, has been awarded a further contract extension for the construction of two additional Evolved Cape-class Patrol Boats for the Australian Border Force (ABF). This latest award, valued at over A$135 million, brings the total number of Evolved Cape-class Patrol Boats contracted to Austal to 14 vessels. This reinforces the long-standing partnership between Austal, the Australian Border Force, and the Royal Australian Navy in delivering critical maritime capability for Australia's national security. The Evolved Cape-class Patrol Boat design features expanded accommodations for up to 32 personnel, enhanced quality-of-life systems, and advanced sustainment technologies to maximize operational availability. The vessels support a wide range of constabulary and naval missions and are a key element of Australia's border security architecture. Construction of the two new patrol boats will take place at Austal's Henderson shipyard in Western Australia, supported by a proven national supply chain and integrated project teams from the Department of Defence and the Australian Border Force.

Guidance

Austal has been awarded a contract extension for the construction of two additional Evolved Cape-class Patrol Boats for the Australian Border Force, valued at over A$135 million.