Fredon secures $134 million National Security Office Precinct contract
NRW Holdings Limited (ASX:NWH) has announced that its wholly owned subsidiary Fredon has been awarded several packages of work at The National Security Office Precinct in Canberra. The Fredon contract award, for major client Lendlease, totals $134 million.
The packages include $101 million of mechanical works and $33 million of high voltage infrastructure works. Work is set to commence in early 2027 and is due for completion in late 2028.
For investors, the award is a sizeable win for NRW’s EMIT division and adds a Commonwealth-linked project to Fredon’s work.
| Package | Value |
|---|---|
| Mechanical works | **$101M** |
| High voltage infrastructure works | **$33M** |
| Total | **$134M** |
Jules Pemberton, CEO, NRW Holdings
“…The award truly demonstrates Fredon’s breadth of service offerings and their ability to deliver complex projects to clients across many diverse and growing industries.”
When big ASX news breaks, our subscribers know first
What the National Security Office Precinct will deliver
The precinct and its associated infrastructure are expected to be utilised by multiple Commonwealth entities. These include the Office of National Intelligence and the Department of Foreign Affairs and Trade.
Key facts about the precinct include:
- Location: Canberra
- Expected users: multiple Commonwealth entities, including the Office of National Intelligence and the Department of Foreign Affairs and Trade
- Capacity: once complete, able to accommodate up to 5,000 workers
- Amenities: hospitality and retail amenities servicing both the occupants and the wider public
A Commonwealth-linked project of this scale illustrates the type of complex work Fredon is being engaged to deliver.
Mechanical and high voltage work explained
Mechanical (HVAC) works cover the systems that heat, cool and ventilate a building. In a large office or government precinct, these systems keep conditions workable for thousands of occupants.
High voltage infrastructure works deal with the electrical equipment that receives and distributes power at higher voltages across a site. Large developments rely on this infrastructure to supply power safely to their buildings.
The two packages sit in different service lines within Fredon’s offering. That spread is consistent with the CEO’s comment on the breadth of services Fredon can deliver.
Fredon and NRW’s EMIT division in context
Fredon sits within NRW’s EMIT division. It is described as a multi-service Electrical, Mechanical (HVAC), Infrastructure, Technology and Maintenance services provider.
Fredon’s data centre mechanical work is also growing, with a first-stage contract for Stack’s MEL03 hyperscale campus in Melbourne adding to the EMIT division’s order book.
NRW has a workforce of more than 14,000 people supporting more than two hundred projects around Australia, Canada, the United States and New Zealand. Its clients span the government, resources, infrastructure, industrial and urban development sectors.
NRW’s diversified contract wins extend to gold processing and highway work, with Primero Group and NRW Contracting recently adding about $313 million across resources and civil infrastructure.
Against that backdrop, the Canberra award reflects NRW’s spread across sectors and geographies, with this project drawing on Fredon’s mechanical and high voltage capabilities.
What happens next for the project
The announcement sets out two dated milestones for the packages:
- Early 2027: work on the packages commences, undertaken by Fredon for Lendlease.
- Late 2028: work is due for completion by Fredon.
Don’t Miss the Next Industrials Contract Win
Join 20,000+ investors getting FREE breaking ASX news delivered to their inbox within minutes of release, complete with in-depth analysis. Click the “Free Alerts” button at Big News Blast to receive industrials updates the moment market-moving announcements break, and stay ahead of the market.