BAE Systems wins GBP135mln contract for Typhoon weapons upgrade


BAE Systems PLC (LSE:BA.) said 100 skilled jobs in the northwest have been safeguarded through the award of a GBP135mln weapons upgrade contract for the ageing Typhoon fighter.

The contract will fund upgrades on the missile systems, high-speed comms links and defensive improvements.

A stalwart of the UK’s military air capability, the new systems are designed to maintain the plane’s combat competitiveness until the middle of the century.

BAE is developing a new fighter, the Tempest, to replace the Typhoon but this will need a GBP25bn commitment from the government to get underway.

The weapons company employs 34,000 staff n the UK of which around 5,000 are employed on the Typhoon, with a further 10,000 people employed supplying parts for the jet fighter.

Shares were unchanged at 576.4p.


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