BAE Wins 1.2 Billion-Pound Submarine Order From U.K. Government

Discussion in 'Europe and Russia' started by pmaitra, Dec 11, 2012.

  1. pmaitra

    pmaitra Moderator Moderator

    Joined:
    Mar 10, 2009
    Messages:
    31,640
    Likes Received:
    17,124
    Location:
    EST, USA
    BAE Wins 1.2 Billion-Pound Submarine Order From U.K. Government

    BAE Systems Plc (BA/), Europe’s largest defense company, won a 1.2 billion-pound ($1.9 billion) contract from the U.K. government to build a submarine for the Royal Navy.

    BAE will construct the Astute Class submarine in Barrow-in- Furness, northern England, “safeguarding” 3,000 jobs, the Ministry of Defence said today in a statement.

    The ministry also said a further 1.5 billion pounds had been committed to building other submarines.

    Source: BAE Wins 1.2 Billion-Pound Submarine Order From U.K. Government - Bloomberg
     
  2.  
  3. arunpat

    arunpat Regular Member

    Joined:
    May 4, 2011
    Messages:
    74
    Likes Received:
    100
  4. ramakrishna

    ramakrishna Regular Member

    Joined:
    Jun 21, 2013
    Messages:
    303
    Likes Received:
    168
    Location:
    Hyderabad, Telangana
    "BAE Wins 1.2 Billion-Pound Submarine Order From U.K. Government " this was news of Last year same season, But this time BAE System Given Even Better deal ,


    "BAE Systems announced last week that the berth cranes, used to load cargo onto ships, would be removed from the Govan shipyard in Scotland, it was clear that the omens were not good for the centuries-old shipbuilding industry in Scotland. One Govanite lamented in the local media: "That spells the end of it, doesn't it?"

    Indeed it could be the end, as BAE Systems confirmed it was consulting with unions on 1,775 job cuts across three UK shipyards, including Portsmouth, Scotstoun and Govan."

    Source :UK to lose shipbuilding capacity with BAE job cuts - Naval Technology
     
  5. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

    Joined:
    Dec 17, 2009
    Messages:
    10,397
    Likes Received:
    2,314
    The cuts at Scottish shipyards will only prompt them to declare independence as saving shipyard jobs was the biggest platform against it. The real question for BAE submarine business is if the Trident replacement will be ordered. Based on funding levels the QE overages has sucked the life out of any future RN plans. It is not just the cost of the carriers which is exorbitant but also the air wing to go on it. Not to mention all of their frigates still require replacement. If Scotland goes, their submarine arm has no base and a very weak revenue stream.
     
  6. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

    Joined:
    Sep 28, 2011
    Messages:
    14,140
    Likes Received:
    8,528
    Location:
    North Carolina, USA
    Political Row as Portsmouth Shipyard 'Sacrificed' in Scottish Independence Campaign - IBTimes UK
     
  7. drkrn

    drkrn Senior Member Senior Member

    Joined:
    Apr 15, 2010
    Messages:
    2,455
    Likes Received:
    898
    Location:
    visakhapatnam
    does brits really need to invest 1.2 billion dollar per sub under the current scenario????
     

Share This Page