Civmec has pushed back the deadline of its deal for Luerssen Australia by six months but will accelerate its efforts to integrate its shipbuilding operations while the acquisition is finalised.
An agreement between the state and federal governments will begin the process to develop a consolidated defence precinct at Henderson, with millions committed and billions of investment forecast.
Henderson-based Civmec has signed a deal to acquire Luerssen Australia, the shipbuilder contracted to make patrol vessels for the Royal Australian Navy.
Shipbuilders Austal and Luerssen have responded to yesterday's $11 billion Naval fleet announcement, which will have significant implications for ongoing works at Henderson.
Our weekly appointments wrap includes Cassandra Jordan, Malinda Nixon, Chris Eyres, Mark Treasure, John Van Der Wielen, Gavin Tucker, Taylor Conway, Jeremy Hofland, and David Miller.
More than a year after Australia committed to buying nuclear-powered submarines, industry is no closer to knowing how it will be involved in the project.
Kim Beazley has taken up his first major role since recently finishing his four-year term as the state's governor, joining the board of shipbuilder Luerssen Australia.
Construction of 10, Arafura-class offshore patrol vessels has helped boost Civmec's $1.1 billion order book as record spending has flowed into the defence sector.
Work on the first Henderson-built offshore patrol vessel will get under way within weeks, part of a 12-ship program worth $2 billion headed by German business Luerssen and local partner Civmec.
German shipbuilder Lürssen has unveiled plans to establish a joint venture with local contractor Civmec to build 10 offshore patrol vessels at Henderson, two weeks after it failed to strike a deal with experienced shipbuilder Austal.
The German company contracted to build Australia's new offshore patrol vessels has concluded negotiations with its build partners, but Henderson-based Austal will not be participating, with Civmec being the big local winner.
German shipbuilder Lürssen has awarded Civmec a key contract for the Royal Australian Navy offshore patrol vessels, which are being built as part of a $3.6 billion federal government program.
Family-owned German shipbuilder Lürssen will be setting up shop in the Australian Marine Complex through a partnership with Civmec and government-owned ASC.
