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Thursday, March 12, 2015

BAE Systems gets £257m to design new nuclear submarines

Successor class SSBNBAE Systems has been awarded £257m to fund final design work on a new class of submarines to replace the ageing Vanguard vessels that carry Britain’s nuclear deterrent.

The money is on top of almost £650m of contracts the defence group won three years ago for early design work on the submarines, known as the Successor class.

BAE said the latest round of funding will support 1,400 jobs at the company on a programme that has so far involved almost 240 suppliers.

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