Austal gets orders for patrol, transport vesselsStaff writer ▼ | May 6, 2016
Austal has been awarded a $18.5 million contract to procure long-lead-time materials for the twelfth Expeditionary Fast Transport vessel (EPF 12), for the U.S. Navy.
Shipbuilding The Commonwealth of Australia and the U.S. Navy
Costs incurred will be reimbursed but no profit will be recognised prior to execution of the shipbuilding contract.
Austal is constructing ten 103-metre Expeditionary Fast Transport (EPF) vessels under a $1.6 billion contract from the U.S. Navy, with six already delivered and the remaining vessels under construction at Austal’s US shipyard.
Austal is also procuring long-lead materials for EPF 11 under a previously awarded contract from the U.S. Navy.
Austal 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, after being selected as preferred tenderer on April 18, 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. ■