Austal US receives USD 450 million (AUD 670m) contract to expand Austal's US submarine steel fabricated fitted out module construction capacity for virginia and columbia subs ffrom and for electric boats.
my 2 cents bisalloy has a variety of opportunities as they suggested they are looking at.I believe a JV most likely with a variety of potential partners. imo most likely established same as CJV,bisalloy supplies technical and expertease (reliability) and the partner builds the plant.(maybe a long shot or bis gets a grant to build plant like Austal. Exciting little co,underlined little what is BSL doing it seems an obvious acquisition/add on for their US steel plant where they can work with bis like they do in Australia. Anyway AGM should be interesting for a number of reasons especially it must be getting close to some result for the NNS testing of bisalloy steel hull grade.
BIS Price at posting:
$4.08 Sentiment: None Disclosure: Held
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