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6 stories mentioning ASX:DURUpdated 12d ago

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Asia

Duratec Secures Four Contracts Totaling AU$70 Million

Duratec (ASX:DUR) said it secured four contracts across its core energy, marine, and mining and industrial sectors for a combined value of around AU$70 million, according to a Tuesday Australian bourse filing.This included a construction management contract at Orica's (ASX:ORI) Hunter Valley hydrogen hub, a contract to deliver ECI services as part of the design of the jet fuel expansion program on behalf of Perth Airport, a wharf infrastructure remediation project by Fremantle Port Authority as part of the Kwinana Bulk Jetty upgrade, and the Gove structural integrity remediation services project at Rio Tinto's (ASX:RIO) bauxite export facilities in Nhulunbuy, Northern Territory, the company said.Duratec's shares added about 1% in recent Tuesday trade, while Rio Tinto Group's shares were down 2%.

ASX:DURASX:ORIASX:RIO
Asia

Duratec Completes Acquisition of Pacific Welding Australia

Duratec (ASX:DUR) said its unit WPF Duratec has completed the acquisition of Davhold Australia, trading as Pacific Welding Australia, on terms previously disclosed on April 2, including maximum consideration of AU$12 million, according to a Monday Australian bourse filing.The company said the acquisition expands its East Coast footprint in the energy, mining and industrial sectors and strengthens its self-perform capability while providing direct access to strategic clients in the Hunter Region through existing service agreements with key clients.

ASX:DUR
Asia

Duratec's New AU$68 Million Contract is 'Particularly Encouraging' Positive Catalyst, Euroz Hartleys Says

Duratec's (ASX:DUR) new AU$68 million contract from the Clough BMD joint venture bolsters the company's strong positioning within defense and marine infrastructure, advancing its momentum from a recent HMAS Stirling award, Euroz Hartleys said in a Wednesday note.The contract includes construction and commissioning works at the Blastr & Paint Facility within the Darwin Ship Lift Facility project in the Northern Territory, expected to commence in June and be completed in mid-to-late 2027."In our view, today's contract is particularly encouraging given it was not necessarily on the market's radar, further highlighting the diversity of [Duratec's] opportunity pipeline and earnings exposure," the equity research firm said.The award is a positive catalyst, adds further medium-term revenue visibility, bolsters confidence in a contract-rich calendar year, and shows the company's ability to capitalize on opportunities, Euroz Hartleys said.It maintained a buy recommendation and a AU$3.09 per share price target on Duratec.

ASX:DUR
Asia

Duratec Secures AU$68 Million Northern Australia Contract

Duratec (ASX:DUR) received a contract worth around AU$68 million from Clough BMD joint venture to deliver construction and commissioning works for the Darwin Ship Lift Facility in northern Australia, according to a Wednesday filing with the Australian bourse.The project, led by the Northern Territory Government, is a major infrastructure initiative to position Darwin as a maritime services hub for defense, border protection, energy, tourism, and aquaculture vessels, per the filing.The company's scope of work includes the construction of a blast and paint facility and washdown bay slab, as well as the installation and commissioning of systems such as dust collectors, tanks, water treatment, heating, ventilation, and air conditioning, communications, electrical, and hydraulic systems, the filing said.Construction is scheduled to start in June and is expected to be completed between mid and late 2027, the filing added.

ASX:DUR
Asia

Duratec's AU$281 Million HMAS Stirling Defense Win Boosts Pipeline Visibility, Euroz Hartleys Says

Duratec (ASX:DUR) has secured a AU$281 million defense infrastructure contract at HMAS Stirling in Western Australia through its 50:50 Duratec-Ertech joint venture, strengthening orderbook visibility and reinforcing its position in AUKUS-linked infrastructure delivery, Euroz Hartleys said in a Wednesday note.The contract upgrades Diamantina Wharf on Garden Island for AUKUS submarine capability, lifting total investment to just under AU$300 million after AU$14 million in early works, with delivery expected over about 24 months from early contractor involvement (ECI) to full execution.The firm said the award is a material defense contract win that validates the company's ECI-led delivery model, enhances two-year order book visibility, and strengthens its defense infrastructure exposure, supporting medium-term earnings growth.The firm flagged the award as a positive catalyst, reinforcing confidence in a strong full-year pipeline and the company's ability to convert opportunities into contracts, with a robust pipeline of infrastructure and facade work across multiple states.Euroz Hartleys maintained its buy rating on Duratec and raised its price target to AU$3.09 from AU$2.57.

ASX:DUR
Asia

Duratec Says JV Secures AU$281 Million Contract for HMAS Stirling Infrastructure Upgrade; Shares Up 6%

Duratec (ASX:DUR) said its 50:50 joint venture (JV) with Ertech has secured a AU$281 million contract to deliver key infrastructure upgrades at HMAS Stirling on Diamantina Wharf at Garden Island, Western Australia, according to a Wednesday filing with the Australian bourse.The company said that early site works valued at AU$9.2 million started in January, alongside around AU$5 million in long-lead procurement, as the design reached near completion and received final approval, per the filing.The main works contract, with a duration of around 24 months, concludes the early contractor involvement phase and moves the Duratec-Ertech JV into full delivery, bringing the total contract value to just under AU$300 million, the filing added.The company's shares rose past 6% in recent Wednesday trade.

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