DUR.ASX: INSTRUCTED TO PROCEED WITH EARLY PROCUREMENT @ HMAS STIRLING

INSTRUCTED TO PROCEED WITH EARLY PROCUREMENT @ HMAS STIRLING

Stock	Duratec Ltd (DUR.ASX)
Release Time	8 Jan 2026, 8:23 a.m.
Price Sensitive	Yes

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Duratec Instructed to Proceed with Early Procurement at HMAS Stirling

Key Points

Duratec Ertech Joint Venture (DEJV) instructed to procure $5m of long lead items
Early on-site contract works to commence while design approval is granted
Second contract award for delivery of nuclear regulatory compliant facilities expected in Q4 FY26

Full Summary

Duratec Limited (ASX: DUR) has announced that its 50:50 joint venture with Ertech, Duratec Ertech Joint Venture (DEJV), has been instructed to proceed with early procurement of approximately $5m of long lead items. This is part of the Early Contractor Involvement (ECI) Head Contract (HC) for the Planning Phase of infrastructure upgrades to support future submarine capability at HMAS Stirling. Further early on-site contract works could occur whilst the contract design nears 100% completion and design approval is granted. The award and commencement of the project is anticipated in Q3 FY26. The second contract award for delivery of the fit-for-purpose, nuclear regulatory compliant facilities to support the expansion and enhancement requirements of Defence's infrastructure upgrade at HMAS Stirling is now expected in Q4 FY26, with the potential to undertake early works via the current ECI HC Planning Phase contract. These projects are major infrastructure upgrades in anticipation of the arrival of the rotational force from the United States and the United Kingdom in late calendar 2027, under the AUKUS partnership. Duratec's Managing Director, Chris Oates, commented that the early procurement of long lead items is strong validation of Duratec's critical involvement at HMAS Stirling and its broader partnership with the Department of Defence.

Guidance

The award and commencement of the project is anticipated in Q3 FY26. The second contract award for delivery of the fit-for-purpose, nuclear regulatory compliant facilities is expected in Q4 FY26.

Outlook

Duratec is proud to play a key role in supporting Australia's future submarine capability through these critical infrastructure upgrades at HMAS Stirling, and looks forward to continuing its long-standing relationship with the Department of Defence to ensure the timely and compliant delivery of these strategically important facilities.