Bisalloy Steel see first trial order submarine project

Company News

by Rachael Jones

Bisalloy Steel (ASX:BIS) is set to supply its first trial order for SEA 1000 future submarine project.

The Submarine Program is responsible for developing options to replace the Collins Class submarines.

It’s the largest defence procurement program in Australia’s history.

Bisalloy Steels and Naval Group Australia have been collaborating extensively on this project for over 18 months. They have confirmed receipt of 250 tonnes of its specialized high performance steel plate.

The managing director says they are excited to be supplying 100 per cent Australian-made and processed armour plate for this important defence project. He says knowing their armour plate will be used to protect Australian defence personnel is an immense source of pride for everybody at Bisalloy.

Shares in Bisalloy Steel (ASX:BIS) last traded at 97 cents
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.