Austal Completes Detailed Design Review for PPB-R Project
Austal Completes Detailed Design Review for PPB-R Project 28 Februari 2017 Austal Pacific Patrol Boat Replacement Project (images : Austal) Austal (ASX:ASB) is pleased to advise that the Detailed Design Review (DDR) for the A$306 million Pacific Patrol Boat Replacement (PPB-R) Project has been successfully completed on time and in accordance with the contracted schedule. A key element of the Commonwealth’s continuous naval shipbuilding strategy, the PPB-R Project is contributing to the growth of Australia’s sovereign shipbuilding capability in the lead up to the Offshore Patrol Vessel and Future Frigate programs for the Royal Australian Navy, due to commence in 2018 and 2020, respectively. The completion of the DDR, on time, formally signifies the end of the design phase and the commencement of the production phase of the nineteen steel vessel program, awarded to Austal in May 2016. DDR is a key, mandated milestone in the Commonwealth’s ASDEFCON contracting process and...