Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.K. to Announce $550 Million in Nuclear Submarine Contracts

The U.K. plans to announce this week which British companies will be sharing in 350 million pounds ($550 million) worth of contracts designing its next generation of nuclear-powered submarines.

The contracts will secure around 1,900 jobs, according to a person familiar with them, who spoke on condition of anonymity. The boats, which will replace the current Vanguard class of Trident missile-bearing submarine, will enter service in 2028.

The new specification calls for longer-lasting submarines, with the aim of keeping the U.K.’s nuclear deterrent active into the 2060s. The Royal Navy has had submarines carrying nuclear missiles at sea for 40 years.

During the 2010 general election, the Liberal Democrats, the junior partner in Prime Minister David Cameron’s coalition, called for Trident to be replaced with a cheaper, land-based missile system. The government will argue that it has since brought defense spending under control.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.