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.
French Submarine Contract Cancelled
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Last
$3.64 |
Change
0.160(4.60%) |
Mkt cap ! $173.5M | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.65 | $3.48 | $1.007M | 280.6K |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$3.53 |
Change
0.160 ( 0.34 %) |
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| Last updated 15.59pm 07/05/2024 ? | |||||
| BIS (ASX) Chart |