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Aukus: UK defence giant BAE Systems wins Australian £3.95bn nuclear submarine contract

BBC News By Peter Hoskins, Business reporter 2 October Britain’s biggest defence firm, BAE Systems has won a £3.95bn ($4.82bn) contract to build a new generation of submarines as the security pact between the US, UK and Australia moves ahead.

In March, the three countries announced details of the so-called Aukus pact to provide Australia with nuclear-powered attack submarines by the late 2030s.

The pact aims to counter China’s ambitions in the Indo-Pacific region.

Beijing has strongly criticised the three countries over the deal.

……………………..”This multi-billion-pound investment in the Aukus submarine programme will help deliver the long-term hunter-killer submarine capabilities the UK needs to maintain our strategic advantage and secure our leading place in a contested global order,” UK Defence Secretary Grant Shapps said as the Conservative party conference got under way in Manchester.

………………….Other major UK defence contractors are also getting a boost from the Aukus deal.

In March, it was confirmed that Rolls-Royce Submarines would provide all the nuclear reactor plants that will power the SSN-Aukus vessels.

In June, Rolls-Royce said it would almost double the size of its Raynesway facility in Derby as a result of the deal. On Sunday, Babcock International, which maintains and supports the UK’s submarines, said it had signed a five-year deal with the Ministry of Defence to work on the SSN-Aukus design.

The Aukus security alliance – which was first announced in September 2021 – has repeatedly drawn criticism from China.

However, the three Western countries say the deal is aimed at shoring up stability in the Indo-Pacific more https://www.bbc.com/news/business-66979798

October 4, 2023 - Posted by Christina Macpherson | AUSTRALIA, business and costs, Small Modular Nuclear Reactors