THE UK’s submarine industry will benefit from £285 million of investment to continue design work for the Royal Navy’s next generation of nuclear deterrent submarines.
The release of funding for the design work is within the existing Successor programme’s £3.3 billion Assessment Phase. The funding forms part of the MoD’s commitment to spending £163 billion on equipment and equipment support over the next 10 years to keep Britain safe. That includes new strike fighters; more surveillance aircraft; hunter killer submarines; two aircraft carriers; and the most advanced armoured vehicles.
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