BAE Systems has been awarded a £328m contract for the design of the Royal Navy’s next generation of submarines.
The company says the contract will safeguard current jobs and allow them to create a further 280 positions this year.
The signing of this contract is a key step forward in our business strategy to deliver a seven-boat Astute programme followed by the replacement class for the Vanguard submarines.
Not only does it help sustain the jobs of over 1,000 skilled employees currently working on the programme, it also provides the opportunity to grow our workforce by a further 280 in 2012.
The first of the new class is due to be delivered in 2028 and will provide the nation’s nuclear deterrent into the 2060s.
More top news
Unsettled and cold, with rain, sleet and snow
Granada Reports Political Correspondent Daniel Hewitt blogs on the challenge faced by Jeremy Corbyn at next week's local elections.
Here are all the candidates standing in the 2016 local election in Rossendale.