BAE Systems wins first submarine export order for 20 years |
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Published
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Wed, 02 May 2007 09:48
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LONDON (Thomson Financial) - Defence group BAE Systems PLC said it has won its first submarine export order for 20 years.BAE said it would supply a key part for the Spanish navy's new S80 submarine programme under a contract signed with Navantia SA of Spain. The value was undisclosed, although BAE described it as a multi-million pound agreement.BAE Systems Submarine Solutions will manufacture and assemble fore and aft pressure hull domes for four diesel-electric S80 submarines in its shipyard in Barrow-in-Furness, Cumbria, which is building Astute class nuclear-powered submarines for the Royal Navy.Navantia is the nationalised Spanish naval shipbuilding industry and has shipyards in Cartagena, El Ferrol and Cadiz. It has the prime contract for four S80 2,400 tonne submarines for the Spanish navy to be built in Cartagena. The S80 program could include up to eight submarines.BAE Systems Submarines managing director Murray Easton said: 'This contract marks a welcome return for us to the export market, although the Astute programme remains the primary focus for the yard.'philip.waller@thomson.compaw/amCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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