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Friday, March 26, 2010

BAE wins UK naval contracts worth £427m

BAE Systems has won a £127million ($189million) four-year contract to produce the specification for development and manufacture of a new class of British warship, Defence Secretary Bob Ainsworth said.

Astute class submarine: Made in Cumbria

Ainsworth said he had also agreed for BAE to start building the fifth of a planned seven Astute class submarines in Barrow-in-Furness, and begin procurement for the sixth, at a cost of over £300million.

The warship contract was awarded after the government decided to proceed with the assessment phase for the Type 26 Combat ship, the Royal Navy's next generation surface warship, Ainsworth said in a statement.