In 1989 Transfield won a $5 billion tender for the construction of eight frigates for the Royal Australian Navy, and a further two for the Royal New Zealand Navy.
This was the largest private contract in Australia’s history and is Transfield’s greatest contractual success.
The project employed 10,300 people in Australia and 1,300 in New Zealand. The first frigate, HMAS Anzac, was launched in September 1994.