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U.K. Issues BAE Systems $129 Million In Contracts To Start Work On Next-Gen Sub

The U.K. Defense Secretary said $129.8 million of investment has been awarded to BAE Systems to begin work on the next generation of Royal Navy submarines, Successor-class submarines, which will carry the U.K.’s strategic nuclear deterrent. Two contracts worth $77 million and $52.5 million have been awarded to BAE Maritime-Submarines, which is leading the vessel design, the MoD said Dec. 16. The next generation submarines will be the largest and most advanced boats operated by the Navy, and their design and construction will be…

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Contract Updates

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