Award of two additional Evolved Cape Class Patrol Boats
| Stock | Austal Ltd (ASB.ASX) |
|---|---|
| Release Time | 4 May 2026, 2:44 p.m. |
| Price Sensitive | Yes |
Austal Awarded Contract for Two Additional Evolved Cape-Class Patrol Boats
- Austal awarded contract for two additional Evolved Cape-Class Patrol Boats for Australian Border Force
- Total number of ECCPBs contracted for delivery to ABF now stands at six
- Contract valued at approximately A$136 million
Austal Limited (ASX: ASB) has announced that its subsidiary, Austal Ships Pty Ltd, has been awarded a contract extension for the construction of two additional Evolved Cape-class Patrol Boats (ECCPBs) for the Australian Border Force (ABF). This latest award brings the total number of ECCPBs contracted for delivery to the ABF to six. The Evolved Cape-class Patrol Boat Project (SEA1445-1) is a highly successful and critical element of Australia's continuous naval shipbuilding and sustainment enterprise, delivering effective maritime capability for the nation. Austal has already delivered ten Evolved Cape-class Patrol Boats to the Royal Australian Navy in just over five years, and construction is well advanced on the first four vessels for the Australian Border Force. These additional two vessels further strengthen Austal's record order-book of more than A$17.7 billion, which includes eighteen Landing Craft Medium and eight Landing Craft Heavy vessels to be delivered to the Australian Army, under the Strategic Shipbuilding Agreement with the Commonwealth of Australia. The Evolved Cape-class Patrol Boat design features expanded accommodation for up to 32 personnel, enhanced quality-of-life systems, and advanced sustainment technologies to maximise operational availability. The vessels are designed to support a wide range of missions, including border protection, fisheries enforcement, and national security operations. 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.
Austal expects the contract for the two additional Evolved Cape-Class Patrol Boats to contribute approximately A$500-700 million annually to the company's order book.