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BAE Systems and Rolls-Royce win £2bn UK nuclear deterrent contracts

BAE Systems and Rolls-Royce have won defense contracts worth more than £ 2bn, with the UK advancing a £ 31bn plan to renew its nuclear deterrence amid heightened security tensions following the war in Ukraine.

Dreadnought, as the nuclear deterrence renewal program was called, is The largest and most complex defense project Britain has pledged – described as the “engineering equivalent of building a space shuttle”.

The new funding will allow work on the first of the four new submarines, HMS Dreadnought, to advance to marine trials before entering service somewhere in the early 1930s. It is part of a planned investment of almost £ 10 billion for the delivery phase of the plan.

The government has earmarked £ 31 billion, plus £ 10 billion, for the current Vanguard submarine plan in 2015 to maintain sustained deterrence at sea.

First Sea Admiral Sir Ben Ki said the system would provide the “ultimate security guarantee” to Britain over the next 50 years.

The plan brings together the UK’s leading security contractors. BAE Systems is building the new submarines at Barrow-in-Furness in Cumbria alongside industrial partner Rolls-Royce, which is building a new reactor. Rolls-Royce has been the UK’s sole supplier of Royal Navy miners since it first introduced nuclear-powered submarines a little less than 60 years ago.

The length of the new submarines will be 153.6 meters, equivalent to three Olympic swimming pools, and will be manned by 130 crew members.

The plan is seen as a key part of the agenda for leveling the government. It supported some 13,500 jobs in the North West of England and 16,300 more across the rest of the UK last year. In total, it is estimated to support around 30,000 jobs across the UK.

Defense Secretary Jeremy Quinn said: “The Dardanot status will be vital to safeguarding and safeguarding our national security, with nuclear deterrence protecting every UK citizen from the most extreme threats, every minute of every day.

“The Dreadnought program, designed in the UK, built in the UK and supporting tens of thousands of jobs in the UK, is a leading example of our commitment to defense manufacturing and will continue to boost UK industry in the coming decades.”

The Ministry of Health insisted that the plan remain within the budget. As of last March, £ 10.4 billion had been spent on the concept, evaluation and early delivery stages, of which £ 1.9 billion had been spent in fiscal year 2020-21.

Separately, U.S. defense contractor Raytheon has been awarded a £ 160m contract to coach the Dreadnought team at HM Clyde’s naval base.

BAE Systems and Rolls-Royce win £2bn UK nuclear deterrent contracts Source link BAE Systems and Rolls-Royce win £2bn UK nuclear deterrent contracts

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