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Austal Expands Patrol Boat Fleet with New Contract
Australian Shipbuilder to Deliver Additional Vessels for Border Protection
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Australian shipbuilder Austal has been awarded a contract extension valued at approximately A$150.3 million to construct two additional Evolved Cape-class patrol boats for the Australian Border Force (ABF).
This brings the total number of these vessels ordered by the ABF to six, underscoring the government's commitment to strengthening maritime security.
The Evolved Cape-class patrol boats are designed to support a wide range of missions, including border protection, fisheries enforcement, and national security operations. Each vessel features expanded accommodation for up to 32 personnel, enhanced quality-of-life systems, and advanced sustainment technologies to maximise operational availability.
Construction of the new patrol boats will take place at Austal's Henderson shipyard in Western Australia, further bolstering the nation's sovereign shipbuilding capabilities. The addition of these vessels reflects continued confidence in Austal's delivery capability and the strength of Australia's shipbuilding industry.
For prospective boat owners, this development highlights the ongoing investment in maritime infrastructure and security, which can influence the broader marine industry, including financing options and market trends.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
The Reserve Bank of Australia (RBA) has announced an increase in the national cash rate by 0.25 percentage points, bringing it to 4.35%. This marks the third consecutive rate rise this year, returning interest rates to levels last seen in February 2025 before the RBA's rate-cutting cycle began. - read more
Recent analyses indicate that the expansion of the Home Guarantee Scheme, introduced in October 2025, may be inadvertently contributing to rising prices in the lower segment of the housing market. The scheme, designed to assist first-time buyers by allowing them to purchase homes with a minimal deposit, has significantly increased demand for entry-level properties. - read more
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