K-TIG: Develop sovereign capability for Australian defence industry
- K-TIG (ASX:KTG) to develop sovereign capability for Australian defence industry
- Axiom and Bisalloy are two major defence contractors
- Majority of the contract confidential and could potentially released to the market, however, the trio did reveal a little bit about the agreement
- The sovereign capability will also help to efficiently and effectively weld specialist steels
- Then the steels are vital to the Australian Defence Force (ADF) and will used for land, sea and air projects
- K-TIG is up 12.9 per cent on the market today, selling shares for 17.5 cents each
