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Civmec steers into shipbuilding ahead of its dual listing on ASX

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Mr Fitzgerald (left) says significant revenue from shipbuilding is expected to stream in only from FY2021 while Mr Tallon (right) says shipbuilding is not a shift away from the company's main focus.

Singapore

AUSTRALIAN builder Civmec is steering into shipbuilding with a major A$4 billion (S$4 billion) deal clinched with its joint venture partner, German shipyard Lürssen, to build a fleet of 10 offshore patrol vessels (OPVs) for the Australian Navy.

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