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Austal Limited (ASX:ASB)

ALERT: Price-sensitive ASX Announcement for ASB
Current share price for ASB : $3.790 -0.33 (-8.01%)+
Announcement
Release
4 May 2026 2:44PM
Price at Release
$4.120
Full Release
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Summary
Austal Limited has announced the award of a contract extension to construct two additional Evolved Cape-class Patrol Boats (ECCPBs) for the Australian Border Force (ABF), valued at approximately A$136 million. This brings the total number of ECCPBs delivered to the ABF to six. The announcement follows the recent delivery of the tenth ECCPB to the Royal Australian Navy. Austal CEO Paddy Gregg highlighted the success of the Evolved Cape-class Patrol Boat Project as a critical element of Australia's naval shipbuilding enterprise. The new vessels will be constructed at Austal’s Henderson shipyard in Western Australia, supported by a national supply chain. Austal has previously delivered eight Cape-class Patrol Boats to the ABF and additional vessels to other navies, reflecting the sustained confidence in Austal’s capabilities and Australia's shipbuilding industry.
Key Points
  • Austal Limited awarded contract for two additional patrol boats.
  • Total ECCPBs for the ABF now six.
  • Contract valued at A$136 million.
  • Recent delivery to Royal Australian Navy completed.
  • Construction to take place at Henderson, Western Australia.
  • Project supports Australian naval shipbuilding capability.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.