Audit office raises doubts over maintenance of Navy ships

The Australian National Audit Office (ANAO) has delivered scathing criticism of Defence’s sustainment programme for some of the country’s most important naval assets. The office’s report found sustainment of the Royal Australian Navy’s fleet of eight ANZAC class frigates was not meeting most of its key performance indicators. The ANZACs service life has been extended…

Submarine build – not such a boon for Adelaide?

Defence and industry officials testifying to Senate estimates this week have cast doubt on the potential benefits to the South Australian economy of Australia’s $50 billion French submarine buy. The most damaging testimony to government assurances came from Defence’s deputy secretary, Stephen Johnson, questioned by SA Senator Penny Wong. While the government has claimed the…

Naval Group set to buy equipment for sub construction

Naval Group Australia has begun planning to procure equipment for its Adelaide operation which will construct 12 Attack class submarines for the Royal Australian Navy.. The company has issued a call for Expressions of Interest (EOI) from Australian firms. Naval Group is working with the Industry Capability Network (ICN) to find those with the capability…

Canberra signs $50 billion submarine contract

The federal government has signed the much-delayed contract with France’s Naval Group (formerly DCNS) for the building of Australia’s new Attack class submarines. The $50 billion ‘strategic partnership agreement’ (SPA) to build 12 modified French submarines in Adelaide paves the way for the first boat, to be named HMAS Attack, to come into service in…

Austal massively increases revenue forecast

Perth shipbuilder Austal (ASX: AST) has massively increased its earnings guidance for this financial year. In an announcement to the exchange it dramatically upped sales guidance from $1.3 billion for the year to $ 1.9 billion. @AuManufacturing reported earlier this month that the company was building a major sustainment business for the ships it was…

Austal builds sustainment business with new contracts

Perth based global shipbuilder, Austal (ASX: ASB) is building up a lucrative business of long term sustainment for the ships its builds. The company’s latest contract, worth US$16.3 (Aud$23 million) is for post delivery sustainment of the Littoral Combat Ship (LCS) 20, the future USS Cincinnati. This is on top of a recently announced US$21.1…