UK aircraft carriers to get approval next week - report

The British government is set to give approval next week for the long-delayed construction of two new aircraft carriers for the Royal Navy, according to a report.

The Ministry of Defence (MoD) is expected to formally commit to the 4 billion pound programme next week and to tell the two companies that will build the carriers, BAE Systems Plc and VT Group Plc, that they can expect to receive a contract in mid-June, the Financial Times' weekend edition reported.

The formation by BAE and VT of a shipbuilding joint venture to build the carriers has been delayed for months by the MoD's indecision about the carriers.

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