Home / News / MoD signs £1.4bn contract for new attack submarine
MoD signs £1.4bn contract for new attack submarine
DB News: 19/04/2017 - 16:11
The Ministry of Defence (MoD) has negotiated a new £1.4 billion contract for the Royal Navy’s new attack submarine, which will protect the UK’s new aircraft carriers and nuclear deterrent.
The submarine, named Agamemnon, and the sixth in a total fleet of seven, will be the largest, most advanced and most powerful attack submarines to enter service with the Royal Navy.
According to a statement from the MoD, the submarines are being built by BAE Systems in Barrow-in-Furness, Cumbria, which employs around 8,000 people in its submarines business, with thousands more working in the UK submarine supply chain.
Defence Secretary Sir Michael Fallon said: “This latest investment means we are well on our way to completing our fleet of Astute submarines. These are the most advanced submarines ever operated by the Royal Navy and are already providing unprecedented levels of stealth and attack capability across the world.
“Backed by a rising defence budget and a £178 billion equipment plan, Barrow will remain the hub of our submarine build programmes providing high skilled jobs for years to come.”