Austal (ASX:ASB) today announced the Royal Australian Navy (RAN) has awarded a sustainment contract worth up to $18 million over three years for the Cape-class Patrol Boats, Cape Fourcroy and Cape Inscription. This contract will employ eight directly and 20 indirectly in local contractors and Austal’s own facilities in the Cairns area. The sustainment work will be in addition to the work undertaken by Austal for the Australian Border Force and will utilise much of the same experience and capabilities.

Austal’s 58 metre Cape-class Patrol Boat was specially designed and built to meet the unique border protection and maritime security requirements of the Australian Border Force and Royal Australian Navy… for more information check: