British defence giant, BAE Systems has secured a £20bn contract to build new warships for the Australian government. The Manufacturer explores what affect this might have on UK exports?
The UK shipbuilding industry brings £2bn into Britain’s economy every year. The Australian government has selected the Royal Navy’s Type 26 Anti-Submarine Warfare Frigate design for its SEA5000 programme. Nine of the ships will be built by BAE Systems in a deal reportedly worth £19.6bn (US$25.7bn / AUS$35bn). Australia’s Finance Minister, Mathias Cormann…
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