MOD to re-invest in submarine fleet
Summary: The Ministry of Defence is to invest around ┬г270m in BritainтАЩs nuclear submarine fleet.
An initial ┬г120m will be used to refuel the reactor of UKтАЩs oldest nuclear submarine, HMS Vanguard, while a further ┬г150m will be used to implement contingency work to refuel other submarines if necessary.
Defence maintenance
Defence Secretary Philip Hammond told the House of Commons that HMS Vanguard will be refuelled in Devonport during its planned deep maintenance refit in 2015.
A decision on refuelling the next oldest submarine, HMS Victorious, will not be taken until 2018.
The decision to refuel the vessel has been described by Mr Hammond as the тАШresponsible optionтАЩ after an internal radiation leak was discovered at the Dounreay nuclear facility in Caithness, Scotland.
Although the leak was classed as a тАШzero risk incidentтАЩ, the decision to not inform Scottish ministers of any potential threat to environmental safety for two years has been met with sharp criticism from politicians north and south of the border.
The SNP and Yes Scotland have long advocated the decommissioning of the Trident nuclear deterrent and have made the issue a central tenant of their campaign for Scottish independence in the upcoming referendum.
New defence industry opportunities
In place of Trident, campaigners envision a nuclear-free Scotland, with the money spent on renewing the deterrent instead invested in equipment, personnel, the modernisation of military headquarters and training programmes to establish a new Scottish Defence Force, with a potential of ┬г2.5bn worth of opportunities to defence contractors as a result.
Defence Contracts International aims to keep those with an interest in the defence market up to date with all the news and opportunities necessary to succeed in this industry. Find out more about DCI today and discover the precision intelligence you need to ensure your success.
