Duratec Ertech JV Wins Nearly $300m Defence Infrastructure Contract at HMAS Stirling

Duratec Limited ( (AU:DUR) ) has shared an announcement.

Duratec Limited, through its 50:50 Duratec Ertech Joint Venture, has secured a $281 million contract to deliver major infrastructure upgrades at HMAS Stirling’s Diamantina Wharf in Western Australia to support future submarine capability under the AUKUS partnership. Including previously awarded early works and long lead procurement, the total project value approaches $300 million, with the joint venture now shifting from the ECI planning phase into a roughly 24‑month full delivery program that underscores Duratec’s strategic role and longstanding relationship with the Department of Defence.

The award reinforces Duratec’s positioning as a key contractor on strategically important defence infrastructure, demonstrating the effectiveness of its early contractor involvement approach in winning and executing complex projects. For stakeholders, the sizeable, long-duration defence contract is likely to provide revenue visibility, deepen the company’s defence sector exposure and highlight its capability to deliver critical national security infrastructure tied to the AUKUS submarine initiative.

The most recent analyst rating on (AU:DUR) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Duratec Limited stock, see the AU:DUR Stock Forecast page.

More about Duratec Limited

Duratec Limited is a leading Australian contractor specialising in the assessment, protection, remediation and refurbishment of assets and infrastructure across multiple sectors. Headquartered in Wangara, Western Australia, it combines engineering and project delivery expertise with in-house technologies such as 3D capture, modelling and predictive analysis tools, serving Defence, commercial buildings, infrastructure, mining, industrial, power and energy markets nationwide.

Average Trading Volume: 545,049

Technical Sentiment Signal: Buy

Current Market Cap: A$714.2M

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