BIS 1.91% $3.20 bisalloy steel group limited

French Submarine Contract Cancelled

  1. 770 Posts.
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    The news this morning is that the Federal Government is to abandon the submarine build in South Australia and replace it with US built nuclear subs.

    I can understand the logic with this decision as the French have been uncooperative since day one, not the sort of relationship one would want to have with a house builder, let alone a multi billion dollar contract spanning years.

    It will be a tough day for BIS I think.
 
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