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…

Could Australian industry support its own aircraft carriers

The big question over Australia’s response to China’s rise has broken ground – will Australia move to have its own aircraft carriers? The question gained new potency with news Japan would upgrade its fleet of fleet of amphibious warfare Izumo class vessels. By replacing existing helicopters with the F-35-B short take-off, vertical landing (STOVL) aircraft,…

Construction begins of Navy ship construction yard in Adelaide.

Defence minister, Christopher Pyne has turned the first sod on a $535 million project to build a new construction yard for Australia’s future submarines and frigates at ASC, Osborne north of Adelaide. Laing O’Rourke will modernise the existing yard that built the Collins class submarines and Hobart class air warfare destroyers, and build new facilities…

Construction begins on Australia’s offshore patrol vessels.

Work has begun at Osborne in Adelaide to construct the first of 12 new offshore patrol vessels for the Royal Australian Navy, Defence minister, Christopher Pyne said today. Government owned ASC is utilising steel cut in Perth for the vessels which are to be named the Arafura class after its first ship, HMAS Arafura. “The…

Australia to buy new ship, aid SME exports in new Pacific focus.

By Peter Roberts The Prime Minister, Scott Morrison has committed the government to building a new, large naval ship dedicated to humanitarian work and disaster response among a suite of policies aimed at our Pacific Island neighbours. In a major speech delivered to a largely defence audience in Townsville, he revealed the vessel as part…