BIS bisalloy steel group limited

French Submarine Contract Cancelled

  1. 818 Posts.
    lightbulb Created with Sketch. 20
    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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Last trade - 13.55pm 19/09/2025 (20 minute delay) ?
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