BAE Systems has received an additionalÂ $290 million in contract funds to continue work on a replacement platformÂ forÂ the U.K.’s Vanguard-class nuclear ballistic missile submarines, The Telegraph reported Monday.
Alan Tovey writes BAE will use the moneyÂ to buildÂ Successor-class submarine layouts, systems and prototypes for the British navy.
The U.K.Â 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 futureÂ submarine fleet, Tovey reports.
BAE will lead a team of subcontractors includingÂ Babcock and Rolls-Royce, which will developÂ nuclear reactor technology for the Successor-classÂ project.
The Telegraph estimates the entire programÂ will cost about $45 billion.