Britain awards $3.3 billion in submarine work to BAE Systems

Published Mon, May 14 20185:57 AM EDT

Key Points

The Ministry of Defense gave BAE a 1.5 billion pound contract for delivery of the seventh Astute class submarine, and a further 900 million pounds for the next phase of the Dreadnought submarine program.

Photographer | Collection | Getty Images

Britain on Monday awarded defense firm BAE Systems 2.4 billion pounds ($3.26 billion) to work on two submarine program, the company said in a statement.

The Ministry of Defense gave BAE a 1.5 billion pound contract for delivery of the seventh Astute class submarine, and a further 900 million pounds for the next phase of the Dreadnought submarine program, the company said.