Home / Contract Awards / The Telegraph: BAE Secures $290M in UK Nuclear Submarine Prototyping Funds

The Telegraph: BAE Secures $290M in UK Nuclear Submarine Prototyping Funds

Virginia class submarineBAE Systems has received an additional $290 million in contract funds to continue work on a replacement platform for the U.K.’s Vanguard-class nuclear ballistic missile submarines, The Telegraph reported Monday.

Alan Tovey writes BAE will use the money to build Successor-class submarine layouts, systems and prototypes for the British navy.

The U.K. has invested more than $1.4 billion in the project’s design phase and to expand shipyards where the company will build the country’s future submarine fleet, Tovey reports.

BAE will lead a team of subcontractors including Babcock and Rolls-Royce, which will develop nuclear reactor technology for the Successor-class project.

The Telegraph estimates the entire program will cost about $45 billion.

Check Also

F5 to Buy Shape Security for $1B; Francois Locoh-Donou Quoted

F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.

Paratek Secures $169M Anthrax Antibiotic Development Contract Under HHS Project BioShield

The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.