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Key FactsBAE Systems secures £3.95bn contract for new nuclear submarines
Oct 1, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: ft.com
  • The ships built as part of the Aukus security pact will bring jobs and investment to Cumbria.

  • BAE Systems, the UK's largest defense contractor, has won a £3.95bn contract to construct a new generation of attack submarines as the country progresses with the trilateral Aukus security pact.

  • In March, the United States, Australia, and the UK revealed the Aukus plan, which aims to equip Australia with nuclear-powered attack submarines starting from the early 2030s in order to counter China's ambitions in the Indo-Pacific region.

  • The submarines will be based on a British design for the next generation of attack boats, which will replace the current Astute class.