Confirmatory announcement re the Hunter Class Frigate Program, via ABC news today:
"Controversial British Hunter-class warship program survives as government prepares to unveil Australia's 'Future Navy' "
In part ...:
"In short: Britain's BAE Systems will get the go ahead to build at least six new Hunter-class warships — costing around $4.5 billion each — for the Royal Australian Navy.
The program has been beset by delays and design problems, amid claims British PM Rishi Sunak has personally lobbied for it to continue.
What's next? The government will next week unveil a "Future Navy" plan which emphasises "continuous naval shipbuilding"."
As i see it this should result in work for VEEM, being 1 of only 2 on the short-list for certain works re very large Propellers etc.
VEE Price at posting:
$1.23 Sentiment: Hold Disclosure: Held
(20min delay)