BAE Systems Awarded GBP1.5 Billion Submarine Contract -FT
14 May 2018 - 7:02PM
Dow Jones News
--The U.K. will announce on Monday that BAE Systems has won a
1.5 billion pound ($2.0 billion) contract to build a seventh
Astute-class submarine for the U.K. government, the Financial Times
reports.
--The submarine will join another three under construction as
well three that have already been built, according to the Financial
Times.
--The U.K. defense budget faces a GBP20 billion shortfall in the
next decade, opening up the question of whether this new investment
will lead to cuts in other parts of the armed forces, the Financial
Times reports.
Full story: https://on.ft.com/2jW7y7q
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(END) Dow Jones Newswires
May 14, 2018 04:47 ET (08:47 GMT)
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