Duratec

The federal government has today announced its $35 billion frigate project will be built in Adelaide, with local shipbuilder Austal missing out on the main contract.

Wangara-based contractor Duratec has launched Western Australia’s largest initial public offering this year, adding to a flurry of WA companies aiming to list on the ASX.

A post-pandemic bounce back in initial public offerings could indicate confidence among WA investors.

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.

Perth contractor Ertech has paid a bumper dividend of $19 million to its employee shareholders while also undertaking a share buy-back that will result in staff becoming majority owners.

Wangara business Ertech has won a $20.4 million contract from the state government to build a new marina at Onslow.

Engineering and construction company Duratec has secured work on Sydney’s new $5.3 billion international airport through a subcontract with Multiplex Constructions.

Wangara-based Duratec has secured a $110 million contract to build a refuelling centre at the Australian air force base at Tindal, in the Northern Territory.

SRG Global has secured work in WA’s maritime sector, including on the billion-dollar upgrade to the HMAS Stirling naval base on Garden Island.

Wangara-based Duratec has locked in new contracts with the Department of Defence to the tune of $25 million.

Duratec will buy private welding and engineering business Wilson’s Pipe Fabrication for up to $18 million in a bid to tap into the oil and gas market.

Duratec and Monadelphous have both secured contracts on BHP's iron ore sites as part of a suite of new work.

Perth-based engineering and remediation company Duratec has won a $100 million contract from the Department of Defence.

Matt Mckenzie and Jordan Murray assess the year ahead on issues of inflation, rental chaos and energy shortages.

Engineering and remediation company Duratec has lifted profit by 981 per cent in the first half of the financial year.

Engineering and remediation company Duratec has upgraded its revenue guidance for the 2023 financial year after recording strong growth.

Diversified Perth-based contractor Duratec says it is well positioned for further growth after reporting a 56 per cent net profit increase for the first half of the 2024 financial year.

The federal government will pour $83 million into a suite of upgrades at the HMAS Stirling naval base in Rockingham as work wraps up on a major wharf rebuild.

Shares in Wangara-based contractor Duratec Australia dipped early following news it had revised its annual guidance for the 2024 financial year, citing delays in the tender process for several projects.

ASX-listed contractor Duratec and its associated business DDR Australia have secured contracts from Woodside and the Department of Defence, collectively worth more than $76 million.

Following record revenue during the 2024 financial year, Duratec Australia has secured a structural integrity project from Rio Tinto, under an existing master services agreement.

A joint venture between Duratec and Ertech will carry out $10 million worth of infrastructure planning work for the Department of Defence at HMAS Stirling on Garden Island.

Ertech chair Gavin Miller says he is heartened by the firm’s strong operational profit and overall growth.

Wangara-based contractor Duratec Australia has its sights set on further growth during the 2025 financial year, following the release of its annual guidance on Friday.

Complete Home Filtration, Pharmacy 777, and Fremantle Dockers Football Club were among the winners of the 2024 WA Business Awards.

ANALYSIS: Work in the defence sector is scaling up at Wangara-based diversified contractor Duratec Australia.

Duratec says it is ideally placed to hit its revenue guidance for the 2025 financial year, courtesy of a healthy order book.