Austal to Build Two Pacific Patrol Boats for Timor-Leste

Austal (ASX:ASB) welcomes the announcement by the Australian Prime Minister, Malcolm Turnbull and Timor-Leste Prime Minister, Mari Alkatiri, that Timor Leste would take two of Austal’s Guardian Class Pacific Patrol Boats (PPBs). When contracted this will increase the total production quantity to 21 from the 19 already committed. The announcement was made at the Asia Pacific conference that was attended by both Prime Ministers. Following on from a visit to Austal’s dedicated patrol boat facility earlier that day, Prime Minister Alkatiri joined Prime Minister Turnbull to make the announcement, heralding…

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