Defence Industry Minister Cuts Metal on 2nd of 6 Cape Class Patrol Boats for RAN

Austal Limited (ASX:ASB) is pleased to announce that Australia’s Defence Industry Minister, the Honourable Melissa Price MP, officially ‘cut metal’ on the second of six new Cape-class patrol boats to be constructed by Austal Australia for the Royal Australian Navy (RAN).

The plate cutting of the second vessel follows the award of the A$324 million contract for six Cape-class Patrol Boats, announced on 1 May 2020 by the Australian Minister for Defence, Senator the Hon Linda Reynolds CSC and Defence Industry Minister, The Honourable Melissa Price MP.

Austal Chief Executive Officer David Singleton said the plate cutting of the second new Cape for the RAN was completed less than 12 weeks after the contract announcement.

“With a hot production line, already constructing two Capes for the Trinidad and Tobago Coast Guard, our shipbuilders have quickly progressed to cutting metal on the second of six Capes for the Navy,” Mr Singleton said.

“It’s a fantastic example of the efficiencies that can be achieved by a skilled and experienced local workforce supported by our proven Australian supply chain.

“These new Capes for the RAN are helping to boost Australian sovereign shipbuilding capability, through the continued engagement of more than 700 Austal employees here in Western Australia and more than 1,000 suppliers, Australia wide.”

Based on Austal’s proven 58 metre aluminium monohull patrol boat design, the new RAN Capes include a number of enhancements that further extend the capability of the vessel and the fleet. Crew accommodation has been increased by 10 people, to now total 32 and ‘quality-of-life’ provisions have been enhanced, ensuring those who operate the new Capes have WIFI connectivity to the outside world regardless of the operating environment.

Delivery of the first of six Capes, Hull 811, is scheduled in September 2021 with subsequent deliveries of remaining vessels through to mid-2023.

Austal is also delivering 21 Guardian-class Patrol Boats for 12 Pacific Island nations and Timor Leste under the SEA3036-1 Pacific Patrol Boat Replacement Project, with six patrol boats delivered since 2018. Austal provides in-service support to both the Cape and Guardian-class Patrol Boat fleets through service centres located in Henderson, Western Australia; Cairns, Queensland; and Darwin, Northern Territory.

Source: Austal Ltd.
Date: Jul 27, 2020