Partner Article
MoD confirm funding for BAE Systems submarine orders
Contracts worth £47m and £32m have been awarded to BAE Systems in Barrow, Cumbria, where staff are designing submarines to replace the UK’s Trident missile system.
The Ministry of Defence said the funding would allow essential orders to be placed.
The submarines are due to replace the Vanguard fleet, which carry the Trident nuclear deterrent system.
A final decision on how to replace Trident is due to be taken after the next General Election.
About 2,000 people are working on the design of the Successor, the MoD said.
The submarines were being designed to be “some of the stealthiest in the world”, it said.
The Vanguards are due to reach end of service in the late 2020s.
About £650m has already been spent on the Successor design. BAE Systems expects to recruit 500 more staff in Barrow next year.
This was posted in Bdaily's Members' News section by Simon Malia .
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs