Bisalloy Steel Group Ltd (AU:BIS) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Bisalloy Steel Group Ltd has initiated a key partnership with U.S. defense contractor Newport News Shipbuilding to supply processed Australian steel for submarine supply chain integration. This strategic move signifies Bisalloy’s entry into the AUKUS program’s supply base, following a contract for Australian steel qualification by the Australian Submarine Agency. The company celebrates this development as a significant step forward for Bisalloy, Illawarra, and the broader Australian manufacturing sector.
For further insights into AU:BIS stock, check out TipRanks’ Stock Analysis page.