Australia Awards Austal $305 Million Contract for the PPBR Project

Saturday / May 7, 2016

Australia Awards Austal $305 Million Contract for the PPBR Project

Austal Limited has announced that it has been awarded a $305 million contract for the Pacific Patrol Boats Replacement (PPBR) Project by the Commonwealth of Australia, underpinning a move into the construction of steel patrol vessels.

The Company signed the contract with the Commonwealth today, after being selected as preferred tenderer on 18 April 2016. Under the contract, Austal’s share of the Project is for the construction of 19 steel-hulled patrol boats, including an option for two additional vessels, valued at $280 million along with sustainment support for an initial seven year period valued at approximately $24 million.

Austal intends to bid for further sustainment support work over the service life of the class – estimated at 30 years, which will be awarded both during and beyond the initial seven year period.

Austal will commence design work immediately. Construction is expected to begin in H2 CY2017, first delivery in Q4 CY2018 and work running through to CY2023.

The vessels will be constructed at Austal’s shipyard in Henderson, WA, securing approximately 120 direct jobs plus many more in local and Australian subcontractors who have worked with Austal extensively over many years. In addition support work will be performed at Austal’s existing contracted facility in Cairns, Queensland, which will engage local subcontractors in the region to deliver support services.

The all new Pacific Patrol Boat is based on Austal’s proven patrol boat design platform and is 39.5 metres long with a beam of 8 metres and a loaded draft of 2.5 metres. It is capable of traveling at 20 knots and at 12 knots possesses a 3,000 nautical mile range. Each vessel can accommodate 23 people.

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