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Duratec Limited (ASX:DUR)

ALERT: Price-sensitive ASX Announcement for DUR
Current share price for DUR : $2.400 -0.27 (-10.11%)+
Announcement
Release
15 Apr 2026 8:57AM
Price at Release
$2.670
Full Release
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Summary
Duratec Limited announced that its joint venture with Ertech, the Duratec Ertech Joint Venture (DEJV), has secured a $281 million contract for infrastructure upgrades at HMAS Stirling. This initiative supports future submarine capabilities as part of the AUKUS partnership. The project began with initial works in January 2026 under a separate contract valued at $9.2 million, and the main contract now transitions into full delivery over approximately 24 months, bringing the total contract value to just under $300 million. This contract highlights the success of DEJV's ECI (Early Contractor Involvement) approach and marks a significant milestone for the company, as noted by Duratec's Managing Director, Chris Oates.
Key Points
  • Duratec Ertech JV awarded a $281m contract for infrastructure upgrades at HMAS Stirling.
  • Joint venture is a 50:50 partnership between Duratec and Ertech.
  • The project is part of the AUKUS partnership to support future submarine capabilities.
  • Early on-site works started in January 2026 with a separate $9.2m contract.
  • The main contract marks the transition to full delivery with a duration of approximately 24 months.
  • The total contract value, including early works, is just under $300m.
  • Duratec's Managing Director, Chris Oates, highlights this as a significant milestone.
  • The project reinforces the DEJV's ECI approach on Defence infrastructure projects.
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.