Duratec Ertech JV awarded $281m Defence contract

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Stock Duratec Ltd (DUR.ASX)
Release Time 15 Apr 2026, 8:57 a.m.
Price Sensitive Yes
 Duratec Ertech JV awarded $281m Defence contract
Key Points
  • Duratec Ertech Joint Venture awarded $281m contract for infrastructure upgrades at HMAS Stirling
  • Contract supports future submarine capability under AUKUS partnership
  • Marks successful completion of ECI Planning Phase, with full delivery now underway
Full Summary

Duratec Limited (ASX: DUR) has announced that its 50:50 joint venture with Ertech, Duratec Ertech Joint Venture (DEJV), has been awarded a $281m contract for the infrastructure upgrades to support future submarine capability at HMAS Stirling on the Diamantina Wharf at Garden Island, Western Australia. The award marks the conclusion of the ECI Planning Phase, and the DEJV will now transition into full delivery, taking the total contract value for the works to just under $300m. The project relates to major infrastructure upgrades in anticipation of the arrival of the rotational force from the United States and the United Kingdom under the AUKUS partnership. Duratec Managing Director, Chris Oates, commented that the award represents a significant milestone for Duratec and Ertech, reinforcing the strength of the DEJV's ECI approach on strategically important Defence infrastructure projects. Duratec is proud to support Australia's future submarine capability and contribute to the timely and compliant delivery of these critical infrastructure upgrades at HMAS Stirling.

Guidance

The $281m contract award is for a duration of approximately 24 months.