[Pounds]4bn Navy Deal Back On Course ; Defence

Summary


A [pounds]4 BILLION contract to build two aircraft carriers for the Royal Navy, safeguarding 10,000 British shipyard and allied jobs and creating 1000 more, is to be signed soon, after months of apparent paralysis in Whitehall, the Evening Standard has learned.

Construction and maintenance agreements will be "signed off in a matter weeks" by Ministry of Defence officials in a deal that gives a green light to the merger of the shipbuilding interests of BAE Systems and VT.

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[Pounds]4bn Navy Deal Back On Course ; Defence

There had been fears the contract c...

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