The U.K. defense ministry has committed an estimated $1.7 billion in funds to support aÂ BAE Systems-led effort to replace the British navy’sÂ Vanguard-class submarines.
BAE said Saturday the funds will coverÂ initial manufacturing work on the first of four submarines under the Successor program as well asÂ long lead item procurement and redevelopment of facilities and infrastructure at BAEâ€™s Barrow-in-FurnessÂ site.
Tony Johns, managing director of BAE’s submarines division, said the new class of nuclear deterrent submarines has been in the design phase for more than five years and the company is set to beginÂ production.
The newÂ submarines, which are scheduled to enter serviceÂ in the 2030s, will carryÂ Trident ballistic missiles and will be built onÂ new design and production approaches to address changes in technology and threats, the companyÂ noted.
BAEÂ said it has worked with 100 suppliers to support Successor, with 80 percent based in the U.K., and the company expects that 7,800 people will work on the program everyÂ year.