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BAE-Led Submarine Replacement Program to Get $1.7B From UK Defense Ministry


Bae systems logo_ExecutiveBizTYSONS CORNER, VA, Oct. 4, 2016 — A BAE Systems-led program that seeks to replace the British navy’s Vanguard-class submarines has received an estimated $1.7 billion in funds from the U.K. defense ministry, ExecutiveBiz reported Monday.

The company said Saturday the Successor program funds serve to provide for four new submarines with the first submarine scheduled for deployment in the early 2030s.

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