Austal Limited (ASX:ASB) reports that Austal Australia has been awarded a contract extension for the construction of two additional Evolved Cape-class patrol boats for the Royal Australian Navy.
The AUD $157 million (about US$ 103 million) contract follows the procurement announcement made by the Commonwealth of Australia (CoA) on November 23, 2023 and brings the total number of Evolved Cape-class patrol boats being delivered to the Royal Australian Navy, under the SEA1445-1 Project, to ten.
“Thes...