Austal wins maintenance work with RAN

Austal has been contracted to provide maintenance work on patrol boats for the Royal Australian Navy for an undisclosed sum.

Austal will provide hull remediation and configuration changes, as well as corrective maintenance work, on up to seven Armidale Class Patrol Boats for the navy.

Work will be undertaken at Austal’s Henderson shipyard.

“As the original designer and builder of the Armidale Class, Austal is in an ideal position to deliver this important, mid-life enhancement work to a proven naval platform,” Austal chief executive David Singleton said.

“Our inherent knowledge base and practical experience building and servicing the hard working Armidale fleet will ensure the vessels depart Austal in 2017 as a fully operational and effective capability.”

Work under the contract will begin this month.

Austal shares were 0.3 per cent lower to $1.45 each at 10:40am.