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