$38m in defence works for Duratec

Wangara-based outfit Duratec has secured $38 million in defence contracts, including $13 million of which will be handled by the company’s indigenous-owned joint venture.

Details of the works have not been disclosed, however, most of the revenue is expected to be generated in the 2022 financial year.

“The diversity and complexity of work type awards and locations demonstrates the experience, capability and national presence of Duratec which retains the agility of a local business,” managing director Phil Harcourt said.

“We understand the importance of maintaining defence capability, security of the project work sites and satisfying the needs of all stakeholders.”

Shares in the business were trading at $0.48 at 12:30pm AEDT.