Author: Mary-Louise Hoffman|| Date Published: February 9, 2016
BAE 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.
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BAE 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.
