£170m investment for next generation of Royal Navy submarines
Design work for the next-generation of Royal Navy submarines is underway following the award of two contracts to UK industry.
Defence Secretary Ben Wallace confirmed that the two contracts worth £85 million each had been awarded to BAE Systems and Rolls-Royce to deliver design and concept work for a future Class of Royal Navy submarine.
Over the next three years and supporting 350 jobs in the process, the contracts will deliver design work to inform a future decision which will help define the replacement approach for the Astute Class submarines – the nuclear powered fleet of submarines (SSNs) currently in service with the Royal Navy.
The contracts build upon commitments outlined in the recent Defence Command Paper ensuring that the Royal Navy has a world-leading underwater capability prepared to meet future threats.
Wallace said: “Marking the start of a new journey for the Royal Navy’s submarines, British designers and engineers will lead the way in developing submarines for our Royal Navy.
“This multi-million pound investment ensures that this vital capability will be ready to replace our Astute Class submarines as they come out of service, whilst supporting high-skilled jobs across the Midlands and North West of England.”