BAE Wins 1.2 Billion-Pound Submarine Order From U.K. Government

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.

To contact the reporter on this story: Simon Kennedy in London at Skennedy4@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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