GOSPORT MP Caroline Dinenage has welcomed news of a multi-million pound contract for Vector Aerospace Fleetlands.
The Gosport-based firm, on Fareham Road, will be involved in a £450m Ministry of Defence contract.
The five-year contract will be announced today by prime minister David Cameron during his visit to Portsmouth today, and will see Boeing provide the in-service support for Chinook helicopters at Fleetlands, securing 450 jobs and saving the taxpayer £150m.
Ms Dinenage said: ‘Hearing that this important military contract will be carried out at Fleetlands is very welcome news for our area.
‘Not only will it secure a huge number of jobs and boost our local economy, it also highlights the excellent engineering capabilities housed in the Gosport area.
‘We have a proud history of supporting the military and I am pleased that this new contract will ensure that we continue to do so.’
Today’s news follows an announcement last week that Vector Aerospace is set to receive £2m from the Regional Growth Fund.