Total
0
Shares
Fleetwood (ASX:FWD) - CEO, Bruce Nicholson
CEO, Bruce Nicholson
Source: Bruce Nicholson/LinkedIn
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Modular building company Fleetwood (FWD) secures a $36 million contract for the Centre for National Resilience Brisbane
  • The Centre for National Resilience Brisbane will meet Queensland’s need to support the safe return of Australians from overseas during the COVID-19 pandemic
  • Under the contract, Fleetwood will use its manufacturing facilities in Queensland, NSW and Melbourne to build modular accommodation units
  • Work is expected to generate roughly $36 million in revenue in FY22 for Fleetwood
  • Shares in Fleetwood finished trading on Wednesday up 0.44 per cent at $2.28 each

Modular building company Fleetwood (FWD) has secured a $36 million contract for the Centre for National Resilience Brisbane.

The Centre for National Resilience Brisbane will meet Queensland’s need to support the safe return of Australians from overseas during the COVID-19 pandemic.

Phase one, which will consist of a 1000-bed centre at Pinkenba, is expected to be completed by June 30, 2022.

It includes modular buildings to provide accommodation to single people, couples and families.

The facility will be owned by the Australian Government and will be operated by the Queensland Government for the duration of the COVID-19 pandemic.

Under the contract, Fleetwood will use its manufacturing facilities in Queensland, NSW and Melbourne to build modular accommodation units.

Work is expected to generate roughly $36 million in revenue in FY22 for Fleetwood.

“We are delighted to be playing a key role in the Australian Government’s response to the COVID-19 pandemic and more broadly Australia’s road to recovery,” CEO Bruce Nicholson said.

“This contract award demonstrates our unique ability to leverage our national footprint, having used the lessons learned from the recently awarded major contract for part of the Centre for National Resilience Melbourne.”

Shares in Fleetwood finished trading on Wednesday up 0.44 per cent at $2.28 each.

FWD by the numbers
More From The Market Herald

" Petratherm (ASX:PTR) begins drilling at Comet

Pertatherm (PTR) has started prospect drilling at the Comet Gold Project in South Australia.

" Australian Dairy Nutritionals (ASX:AHF) and Wellnex Life (ASX:WNX) to launch organic A2 infant formula

Australian Dairy Nutritionals (AHF) and Wellnex Life (WNX) have established a joint venture to launch Australia’s first organic A2 protein infant formula.

" Cooper Metals (ASX:CPM) encouraged by rock chip assays at Mt Isa East

Cooper Metals (CPM) has released the last batch of results from rock chip geochemical sampling at the Mt Isa East project in Queensland.
Cirrus Networks (ASX:CNW) - CEO & Managing Director, Chris McLaughlin

" Cirrus Networks (ASX:CNW) signs partnership with global IT cloud security company

Cirrus (CNW) has signed a partnership with Gigamon to provide managed security services to governments and large enterprises.