10
Sep
15:37
Pentagon cancels order from S+B’s Finkl unit
The US defence ministry has withdrawn a contract from Schmolz+Bickenbach (S+B) subsidiary Finkl and Sons over the delivery of forged warheads. The deal was awarded to the Chicago-based company only in June.
According to press reports, the Pentagon attributes its decision to the fact that Chicago-based Finkl is owned by a foreign company. S+B group is Switzerland-based. The value of the order was put at $420 million (€362m), a sum confirmed to Kallanish by a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous