News

Defence Secretary reveals £400m investment for nuclear-armed submarines

The Defence Secretary Gavin Williamson has announced a £400 million funding boost for the Dreadnought programme, as he opened a new training academy and revealed the name of the second Dreadnought submarine.

The planned funding release, which supports the building phase of the programme, came as the Defence Secretary unveiled a £25 million BAE Systems academy that will upskill employees to work on Royal Navy submarines for the next two decades.

The £400million investment will safeguard more than 8,000 jobs in Barrow and across the UK, which are all supported by the £31billion Dreadnought programme and supply chain.

The announcement was made during the Defence Secretary’s visit to BAE Systems’ site in Barrow-in-Furness, where he also named the second Dreadnought submarine as HMS Valiant.

Mr Williamson said: “Next year marks half-a-century since British nuclear-armed submarines began patrolling the waters in response to the danger posed by the Cold War – and the world is again facing a raft of intensifying threats.

“This £400m investment will ensure the Dreadnought programme remains on track, so we continue to have a nuclear deterrent at sea for decades to come. Not only does today’s news see us safeguard 8,000 jobs right now, but I have also opened a brand new multi-million-pound facility to train Britain’s submarine engineers of the future.”

If you would like to join our community and read more articles like this then please click here.

The post Defence Secretary reveals £400m investment for nuclear-armed submarines appeared first on Defence Online.

 

Who are we?

From publishing the first national directory of public sector contracts, to being the first to market with our online Tracker solution, we have been the true pioneers of technology and innovation in the public sector marketplace. Throughout our 39 years, we have continued to evolve and chart new territory – placing our customers at the heart of everything we do. Take your business to the next level with Tracker now.

Start Your Free Trial Today

Download your Free UK Defence Industry Report

Download your Free UK Defence Industry Report

When you sign up for a 3 day free trial or demo.

Limited time only