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Austal Limited Expands Patrol Boat Fleet with New $135 Million Contract

Enhancing Australia's Maritime Surveillance Capabilities

Austal Limited 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 enhance the Australian Border Force's ability to perform critical missions, including border protection, fisheries enforcement, and maritime law enforcement. These vessels are equipped with advanced surveillance and communication systems, ensuring they meet the demanding requirements of modern maritime operations.

Austal's CEO, Paddy Gregg, expressed pride in the company's ongoing partnership with the Australian Government, stating that the contract extension reflects confidence in Austal's shipbuilding expertise and commitment to delivering high-quality vessels on schedule and within budget.

For prospective boat owners and enthusiasts, Austal's continued success in securing significant contracts highlights the strength and resilience of Australia's marine industry. This growth may positively influence the availability of advanced maritime technologies and services, potentially impacting the broader boating community.

As the Australian marine sector continues to expand, individuals interested in boat ownership can look forward to a thriving industry that offers a range of opportunities and innovations. Staying informed about developments like Austal's contract extension can provide valuable insights into the evolving landscape of maritime activities in Australia.

Published:Wednesday, 18th Feb 2026
Source: Paige Estritori

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

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Finance News

Austal Limited Expands Patrol Boat Fleet with New $135 Million Contract
Austal Limited Expands Patrol Boat Fleet with New $135 Million Contract
18 Feb 2026: Paige Estritori
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. - read more
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The Boating Industry Association Ltd (BIA) has recently called upon all levels of Australian government to provide strategic support to the nation's marine manufacturing and recreational boating sector. This appeal comes in response to a significant skills shortage that threatens the industry's substantial economic contributions. - read more
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