BAE gets £201m for fresh design work on new nuclear submarines

Replacement for ageing Trident submarines moves closer as BAE gets funding for advance work on new vessels

An artist’s impression of the Successor submarine due to replace the Vanguard-class boats which carry Trident missiles Photo: PA

A replacement for Britain’s ageing Vanguard-class nuclear missile submarines has come a step closer after the Ministry of Defence awarded £201m to BAE Systems to develop the so-called “Successor” vessels.

The funding will allow the FTSE 100-listed arms business to develop the design of the new submarines, including the layout and systems, and build early prototypes. The move comes despite the massive project having yet to get formal approval in Parliament. The project to upgrade Britain’s nuclear submarine deterrant is estimated to cost £31bn, with a £10bn contingency fund to pay for any unexpected costs.

Read the full article by clicking here

Source: Telegraph

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s