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