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Saunders International Limited (ASX:SND)

ALERT: Price-sensitive ASX Announcement for SND
Current share price for SND : $0.950 -0.095 (-9.09%)+
Announcement
Release
16 Jul 2026 1:35PM
Price at Release
$1.045
Full Release
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Summary
Saunders International Limited has been awarded a $23 million head contract by the Australian Department of Defence to deliver Defence fuel infrastructure works at the RMAF Base Butterworth in Penang, Malaysia. This project will involve off-site fabrication, construction, installation, and commissioning of fuel storage and transfer infrastructure, along with associated civil, structural, mechanical, piping, electrical, control, and fire safety systems. The project is a significant strategic milestone for Saunders, reinforcing their capability in engineering, building, and sustaining critical infrastructure, particularly in Defence and Government sectors. Pre-mobilisation activities have begun, with site mobilisation expected in the second quarter of FY2027. The project is anticipated to contribute to Saunders' revenue and earnings in FY2027 and FY2028.
Key Points
  • Saunders secures $23 million contract from the Australian Department of Defence.
  • Project involves Defence fuel infrastructure at RMAF Base Butterworth, Malaysia.
  • Scope includes off-site fabrication, construction, installation, and commissioning.
  • Reinforces Saunders' strategic focus on Defence and Government markets.
  • Pre-mobilisation has commenced, with site mobilisation in Q2 FY2027.
  • Expected to contribute to revenue and earnings in FY2027 and FY2028.
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.