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News: ASB Austal Announces Heads Of Agreement For Strategic Shipbuilding Agreement

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    23/11/23
    16:20
    Post #: 71073106

    Nov 23 (Reuters) - Austal Ltd (ASB) :

    • HEADS OF AGREEMENT FOR STRATEGIC SHIPBUILDING AGREEMENT
    • SIGNED A HEADS OF AGREEMENT WITH COMMONWEALTH OF AUSTRALIA
    • HEADS OF AGREEMENT TO ESTABLISH A STRATEGIC SHIPBUILDING AGREEMENT BETWEEN AUSTAL AND COMMONWEALTH
    • WILL CONSTRUCT AND DELIVER BIRDON-DESIGNED LANDING CRAFT (MEDIUM) CAPABILITY TO AUSTRALIAN ARMY UNDER COMMONWEALTH'S LAND8710 PROJECT
    • IN ADDITION, COMMONWEALTH HAS ALSO ORDERED TWO ADDITIONAL EVOLVED CAPE CLASS PATROL BOATS AT AN ACQUISITION COST OF A$157 MILLION
    • CO AND COMMONWEALTH HAVE COMMITTED TO WORKING TOWARDS CONCLUDING FORMAL STRATEGIC SHIPBUILDING AGREEMENT BY LAST QUARTER OF CY2024
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