BAE Systems Plc (BA/), Europe’s largest defense company, won a 1.2 billion-pound ($1.9 billion) contract from the U.K. government to build a submarine for the Royal Navy.
BAE will construct the Astute Class submarine in Barrow-in- Furness, northern England, “safeguarding” 3,000 jobs, the Ministry of Defence said today in a statement.
The ministry also said a further 1.5 billion pounds had been committed to building other submarines.
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