Dredging a second channel into Garden Island and major road upgrades could be priorities in a Henderson precinct master plan to be drafted by the state government in 2019, while Defence Minister Chris Pyne today announced a new $200 million vessel will be built at the yards.
An improved result in Western Australia, despite challenging market conditions and continued falls in brick selling prices, has helped building materials company Brickworks boost underlying net profit to $223.7 million for the 2018 financial year.
Months after being overlooked by the Australian government for local naval contracts, Henderson-based Austal has achieved more success in the US, securing a $1.6 billion contract to build two ships for the US Navy.
A strong performance in the United States has underpinned a 150 per cent increase in profit for shipbuilder Austal, although chief executive David Singleton has said the company’s defeat in the offshore patrol vessel bid will mean a tougher future for its Henderson shipyard.
Austal has been selected as preferred supplier to build six naval vessels for the Philippines, using a design similar to the offshore patrol vessel concept which was unsuccessful in a recent federal government tender.
Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.
Fleetwood Corporation has continued with a major reshaping of its business, announcing two acquisitions on the east coast and a $60 million capital raising, one month after selling its caravan manufacturing business.
Perth investor Andrew Hopkins’ planned $508 million buyout of national panel beating business AMA Group has been cancelled after the group failed to get an expected ruling from the Australian Taxation Office.
A former Austal executive has been restrained from working for competitor Civmec on the $3.6 billion offshore patrol vessels program, after an interim injunction was handed down in the Supreme Court last week.