Australian steel manufacturer Bisalloy has recorded a 56 per cent increase in exports of defence grade steel in 2017/18, its best result in more than a decade.

The Unanderra, NSW-based company has already been selected as the preferred supplier of steel for the Rheinmetall Boxer CRV selected earlier this year for LAND 400 Phase 2, and has also signed a contract with Naval Group Australia to produce steel for a trial for the SEA 1000 Future Submarine program.

“Bisalloy is also providing innovative products to a number of Defence projects, such as the Army’s Hawkei vehicle,” new Defence Minister Christopher Pyne said in an August 29 statement. “Bisalloy is also leveraging its success to seek out export opportunities and has already secured several large volume, international orders for its innovative armour plates.

“This success demonstrates the Australian Government’s commitment to increasing defence exports is achieving tangible results,” he added. “The Australian economy is benefitting from the record investment in Defence capabilities, and more is yet to come.”

Bisalloy has added 17 new staff in 2018, and is investing in its research, development, laboratory and export capabilities.