May 14, 2018 / 9:47 AM / in 5 months

Britain awards £2.4 billion in submarine work to BAE Systems

LONDON (Reuters) - Britain on Monday awarded defence firm BAE Systems (BAES.L) 2.4 billion pounds to work on two submarine programmes, the company said in a statement.

FILE PHOTO: A BAE systems sign is seen outside the company's Warton site near Preston, northern England, October 1, 2009. REUTERS/Phil Noble/File Photo

The Ministry of Defence 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 programme, the company said.

Reporting by Alistair Smout; editing by Kate Holton

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