Image Sourced
Market Herald logo


Be the first with the news that moves the market

Austal Limited has announced the delivery of its second Guardian Class Patrol Boat (GCPB) to the Australian Department of Defence.

This was handed over to the Prime Minister of Tuvalu and his Government, this is the second of 21 GCPB’s being gifted to 12 Pacific Island Nations surrounding Australia.

Austal has been developing its maritime security vessel designs since 1988 and the Guardian Class represents the latest evolutions of these designs.

“This is Austal’s first major defence shipbuilding program using a steel hull,” CEO David Singleton said.

“It is a reflection of the skills, experience and, management of the Austal team that since May 2016 we have developed a brand new facility in Naval Base WA, designed a production line assembly process, completed the detailed vessel design and are now delivering the second vessel less than three years later,” Mr Singleton added.

Notable developments include the Bay Class Patrol Boat for Australian Customs and the Guardian Class Patrol Boat for the Commonwealth with 32 already being delivered and a further 97 on order for international customers.

Austal has designed, constructed and presented more than 300 commercial and defence vessels to more than 100 operators in 54 countries.

Please find announcement attached here:

ASB by the numbers
More From The Market Herald

" Northern Star Resources (ASX:NST) recaps Q1 FY22

Northern Star Resources (NST) has recapped its September quarter, announcing it sold 386,160 ounces of gold for the period.
BHP Group (ASX:BHP) - CEO, Mike Henry

" BHP’s (ASX:BHP) iron ore production drops amid labour shortage

BHP Group’s (BHP) iron ore production has slipped by 3 per cent amid a shortage of available labour.

" Aristocrat Leisure (ASX:ALL) to buy Playtech for $5b

Aristocrat Leisure (ALL) is looking to purchase online gambling software and content supplier, Playtech, for $5 billion.

" Harvey Norman Chairman fires back at concerned shareholder during AGM

Harvey Norman’s Annual General Meeting yesterday caused quite a stir as Chairman Gerry Harvey reportedly lashed out at shareholders.