Australia's NRFC plans AUD245 million funding for Austal landing craft facilities

Australia's National Reconstruction Fund Corporation is providing AUD 245 million in debt financing to Austal Defence Australia for a new advanced manufacturing facility supporting military landing-craft construction. The investment targets industrial infrastructure at Henderson in Western Australia, where the Australian Army's Landing Craft Heavy capability will be produced. Government funding is intended to expand local fabrication capacity, employment and delivery capability for Australia's amphibious modernization program. This is financing for shipyard facilities rather than an additional order for landing craft, and vessel procurement quantities and schedules remain governed by separate defense contracts.