£1.4bn deal for defence firm

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BAE Systems has been awarded a £1.4bn contract by the UK’s Ministry of Defence to deliver the next Astute class submarine to the Royal Navy.

Agamemnon will be the sixth of seven nuclear-powered attack submarines designed and manufactured at the company’s site at Barrow-in-Furness, Cumbria.

Will Blamey, managing director of BAE Systems submarines, said: ‘Securing the contract for the sixth Astute class submarine is a significant milestone for BAE Systems and the result of many years of hard work.

‘The Astute class submarines are amongst the most highly capable and technologically advanced in the world and we’re immensely proud to build them for the Royal Navy.’

BAE Systems, which also has a base in Portsmouth, is the prime contractor for the design, build, test and commissioning of the seven Astute class nuclear-powered attack submarines.