Cost Performance

Project remains within its current approved budget.

Schedule Performance

Progress continues towards achievement of final operational capability (FOC), which remains dependent on rectification of outstanding build defects.

Materiel Capability Performance

All vessels continue to meet the Navy's operational requirements. The Patrol Boat Systems Program Office continues to close extant build-related issues. HMAS GLENELG, representing the ACPB capability, achieved operational release (OR) on 19 May 2010. The final vessel will achieve OR after the completion of the rectification work at the end of 2011. Closure of the acquisition phase of the project will commence after FOC is achieved in February 2012.