BAE Systems to invest £300m in site at Barrow
BAE Systems has announced it will invest £300m in its submarine yard in Barrow, in Cumbria, over the next eight years.
BAE Systems has announced it will invest £300m in its submarine yard in Barrow, in Cumbria, over the next eight years.
Tony Johns, Managing Director of BAE Systems Maritime said:
“Redevelopment of the site is fundamental to the future of our business and will ensure we stay at the forefront of submarine design, build, test and commissioning.
“This investment will provide a modern, 21st unique skills and expertise that have delivered complex submarines to the UK Royal Navy for over a century.
“The Successor programme, to replace the Vanguard class submarines, remains subject to final approval in 2016, but it is vital we begin these improvements now in order to achieve the Government's target of having the first submarine in service by 2028.”
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