UK Defense Ministry to Allocate Over $1.32Bln for First Stealth Submarine
14:25 01.08.2016(updated 14:40 01.08.2016)
The UK Defense Ministry will allocate a billion pounds ($1.32 billion) to begin the construction of the first ultra-stealth submarines out of four planned, media reported Monday.
MOSCOW (Sputnik) – According to Financial Times newspaper's sources, the Defense Ministry's industrial partners, UK companies BAE Systems and Rolls-Royce may receive the funding by September and begin the manufacturing.
The financing is expected to last for up to one and a half years, being the first payment of the program with an over $54 billion budget.
The UK parliament backed the renewal of the Trident nuclear weapons system in mid-July. New stealth submarines are going to replace Vanguard-class nuclear subs in service since 1990s.
The first "successor" boat is expected to be launched in over 10 years, despite the fact that the beginning of production is scheduled to start by the end of the year.
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