Finance Australia :: News
SHARE

Share this news item!

Austal Expands Patrol Boat Fleet with New $135 Million Contract

Enhancing Australia's Maritime Security Through Strategic Shipbuilding

Austal Expands Patrol Boat Fleet with New $135 Million Contract?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Austal Limited, a prominent Australian shipbuilder, has secured a contract extension worth over $135 million to construct two additional Evolved Cape-class Patrol Boats for the Australian Border Force.
This development increases the total number of these vessels to 14, underscoring Austal's pivotal role in bolstering Australia's maritime surveillance capabilities.

The Evolved Cape-class Patrol Boats are designed to meet the rigorous demands of border protection missions. They feature modern crew accommodations for up to 32 personnel and are equipped with advanced systems to enhance operational effectiveness and sustainability. The construction of these vessels will take place at Austal's Henderson shipyard in Western Australia, supporting the national shipbuilding supply chain and contributing to the local economy.

Since 2020, Austal has delivered 12 Evolved Cape-class Patrol Boats to the Australian Border Force and the Royal Australian Navy. The addition of these two vessels reflects the continued confidence in Austal's capabilities and the performance of the Cape-class platform. The company's commitment to supporting Australia's defence requirements is further demonstrated through its involvement in the Guardian-class Patrol Boat program, with 22 out of 24 vessels already delivered.

Chief Executive Officer Paddy Gregg expressed pride in Austal's contribution to Australia's maritime security, stating that the Evolved Cape-class Patrol Boats have proven to be highly capable and reliable assets for border protection missions. The new contract not only enhances Australia's maritime surveillance and response capability but also reinforces Austal's position as a key player in the nation's defence sector.

For individuals interested in the maritime industry, this development highlights the ongoing investment in Australia's naval capabilities and the opportunities within the shipbuilding sector. The expansion of the patrol boat fleet signifies a commitment to maintaining robust maritime security and the importance of a strong domestic shipbuilding industry.

Published:Sunday, 4th Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

ANZ Finalises Acquisition of Suncorp Bank for $4.9 Billion
ANZ Finalises Acquisition of Suncorp Bank for $4.9 Billion
17 Jan 2026: Paige Estritori
In a significant development for the Australian banking sector, ANZ has successfully completed its $4.9 billion acquisition of Suncorp Bank. This strategic move, finalised on 31 July 2024, marks a pivotal expansion for ANZ, enhancing its service offerings and market reach across the nation. - read more
Non-Bank Lenders Expand Presence in Australia's Mortgage Sector
Non-Bank Lenders Expand Presence in Australia's Mortgage Sector
17 Jan 2026: Paige Estritori
The Australian mortgage market is witnessing a notable shift as non-bank lenders increasingly capture a larger share, challenging the dominance of traditional banking institutions. This trend is driven by digital innovation and evolving consumer preferences, leading to a more competitive landscape in home financing. - read more
RBA Holds Cash Rate at 3.60% Amidst Economic Uncertainty
RBA Holds Cash Rate at 3.60% Amidst Economic Uncertainty
17 Jan 2026: Paige Estritori
In its latest monetary policy decision, the Reserve Bank of Australia (RBA) has opted to keep the official cash rate unchanged at 3.60%. This decision reflects the central bank's cautious approach in navigating the current economic landscape, balancing the need to control inflation with the goal of sustaining economic growth. - read more


Finance Articles

How to Improve Your Chances of Getting a Business Loan Approved
How to Improve Your Chances of Getting a Business Loan Approved
Welcome, Australian entrepreneurs and business owners! Whether you're just setting down the foundation of a startup or steering a well-established enterprise, access to capital remains a critical ingredient for business growth and survival. In the bustling economy of Australia, a well-structured business loan can be the catalyst that propels your business forward, aiding in expansion, the acquisition of new equipment, or simply ensuring smooth operational cash flow during lean periods. - read more
The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
In the dynamic world of Australian finance, securing a loan can be a pivotal move for individuals seeking to achieve their financial goals. Whether it's for purchasing a dream home, expanding a business, or simply consolidating debt, the importance of smart loan comparison cannot be overstated. With an array of lending products available, borrowers are often faced with a bewildering choice. That's why equipping yourself with powerful loan comparison strategies is not just important, it's essential. - read more
Understanding the Fine Print: Fees and Charges in Personal Loans
Understanding the Fine Print: Fees and Charges in Personal Loans
Personal loans are a type of unsecured credit that allows individuals to borrow money for various personal expenses, including consolidating debt, making home improvements, or funding significant life events. Unlike secured loans that require collateral, personal loans rely on your creditworthiness, making them an accessible option for many Australians. - read more


Free Loan Eligibility Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.


Knowledgebase
Debt Consolidation:
The process of combining multiple debts into a single loan with a lower interest rate or more favorable terms.