DEFENCE secretary Michael Fallon unveiled a £270m torpedo contract in front of BAE Systems workers this morning.
Mr Fallon, former minister for Portsmouth, said the announcement was important for the city’s future.
He told The News the contract could have been signed overseas, but it was decided BAE Systems should retain the work at its Broad Oak site in Hilsea.
He said: ‘This contract award is good news for the Royal Navy, the UK and the city of Portsmouth where around 100 engineering jobs will be created or sustained.
‘Portsmouth continues to play a significant part in defence as illustrated by this contract award and has a bright future ahead of it thanks to recent investment such as the £600m contract to run the naval base, sustaining thousands of jobs, and the upcoming £100M of infrastructure work to prepare the city for the arrival of the Queen Elizabeth Class Carriers.’