Defence giant BAE Systems is to recruit around 140 engineering and business apprentices this year at the submarine-building business in Barrow-in-Furness in Cumbria.
Around 400 young people are being recruited in total across the firm's other BAE sites.
Around one in 10 of the new recruits will join the firm's five-year higher apprentice programme, which combines on-the-job training with degree-level studies.
Group managing director Nigel Whitehead said: "Our continued commitment to the apprentice programme reflects the sustainable position of our UK business and the success of the programme in generating BAE Systems' workforce of the future.
"We like to train people from an early age and find that the combination of on-the-job training and academic study without debt, is a great motivator for our apprentices to stay with us."
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You can see the interview with Mr Hammond on the ITV News website.
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