BAE Backs Portsmouth Suppliers as Shipbuilding Under Review
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BAE Systems Plc, Europe’s largest defense company, is taking part in a U.K. government effort to strengthen suppliers at the historic Portsmouth, England, naval base at a time when shipbuilding there is in doubt.
The company will help allocate grant money under a 3.2 billion-pound ($5 billion) government effort to bolster small and medium-sized businesses, Derren Chamberlain, head of BAE’s maritime supply chain, said in an interview. Some funds are dedicated for suppliers at Portsmouth, he said.