£170m investment in submarines for next generation guarantees 350 jobs

The British government has announced £170m will be invested in developing technology for a new generation of submarines for the Royal Navy.

Defence Secretary Ben Wallace said it marked “the start of a new journey”.

Two contracts for £85 million each have been awarded to BAE Systems and Rolls-Royce to deliver design and concept work for the replacement vessels.

The investment will guarantee 350 jobs: 250 at the shipyard in Cumbria and 100 at Rolls-Royce operations in Derby.

SOURCE: JORDAN NEWS AGENCY

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