Royal Navy to receive £8.4billion nuclear submarine investment to help replace beleaguered fleet
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BAE Systems wins £5.9 billion UK submarine contract
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Burnham says nuclear sub investment will protect UK and boost jobs
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Royal Navy to receive £8.4billion nuclear submarine investment to help replace beleaguered fleet.
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The Royal Navy is set to receive the next tranche of funding for four new nuclear submarines to replace Britain's current beleaguered fleet.
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Andy Burnham will today confirm £8.4billion in funding for the next phase of the Dreadnought nuclear submarine programme during a visit to Barrow-in-Furness in Cumbria.The investment will advance construction of the new nuclear-armed submarines designed to succeed the ageing Vanguard-class fleet, which currently underpins the nation's continuous at-sea Trident deterrent.Some £5.9billion of the spending announced today will go to BAE Systems, with the rest directed toward the wider supply chain.Those figures form part of the £63billion ring-fenced for Britain's nuclear deterrence under the Defence Investment Plan.Mr Burnham is expected to use the trip to promise that the spending will generate tens of thousands of jobs while strengthening hundreds of businesses across the country.The Defence Nuclear Enterprise currently sustains around 47,000 jobs...
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