Prime Minister David Cameron has arrived at the General Dynamics factory in Blackwood.
Earlier today the Ministry of Defence announced a £3.5 billion contract with the company to build 589 specialist armoured vehicles.
New armoured vehicles created by defence company General Dynamics, which has its engineering hub in Blackwood, are said to 'change the way the British Army fights.'
A contract will be signed later to create 589 of the vehicles, known as 'Scouts'.
It's the biggest single order placed by the Ministry of Defence for armoured vehicles in over 30 years.
Currently on the Scout SV programme we have about 225 people who'll be growing that over time and we have a tremendously skilled workforce here, and so we have a lot of hi-tech jobs here in this facility. It's really a critically important operation to us, we're developing this next generation family of vehicles for the British Army that has tremendous capability and will change the way the British Army fights.
A new defence contract worth £3.5billion will be signed in Wales today on the eve of the NATO summit. The contract for 589 armoured fighting vehicles, known as Scouts, will be signed General Dynamics' engineering hub in Blackwood.
It's the biggest single order placed by the Ministry of Defence for armoured vehicles for over 30 years and will secure 1,300 jobs across the UK, 300 in south Wales.
I'm delighted that on the eve of the NATO Summit, we can announce the biggest single contact for armoured fighting vehicles for the British Army since the 1980s. These new vehicles are testament to the world class engineering skills in south Wales and across the UK, helping to create the Army's first fully digitalised armoured vehicles.
Not only will they be crucial in helping to keep Britain safe, they will also underpin nearly 1,300 jobs across the UK and showcase the strength of the UK's highly skilled defence sector.
The two-day event, announced today by UK business secretary Vince Cable, will be held at Newport's Celtic Manor Resort in November.Read the full story ›
A shop owner in Abertillery claims the town's multi-million pound regeneration is damaging businesses. Bob Smith says changes to Church Street have made it nearly impossible to deliver goods to his furniture shop, Comfortzone. But the council says it has spoken to businesses, along with the public, whilst working on this scheme. Megan Boot reports.
The Chief Executive of Cardiff Airport is to stand down in September, it has been announced.
Jon Horne, who took up the post in April last year after previously working as the airport's managing director, said a new perspective "will be beneficial for the next stage of development".
I am extremely grateful for the opportunity that I have had to work with the great team at Cardiff Airport who have delivered very positive and significant change in a short space of time and it is a great credit to them.
There is still much work to be done, but I have agreed with the Chairman that a new perspective will be beneficial for the next stage of development and as such I have concluded my executive involvement.
Chairman Lord Rowe-Beddoe thanked Mr Horne for his work during his time at the airport and confirmed he will be available to the Board as an advisor.
Unions and managers at the giant Avana Bakery in Newport have been in talks over plans to shed nearly four hundred jobs. The news follows months of uncertainty about the future of the site.
Unions have promised to fight for every job, as our business correspondent Carole Green reports.
Councillors in Newport say they're disappointed by news that the Avana Bakeries in Rogerstone are to cut nearly 400 jobs. James Crichton-Smith reports.
Councillors and representatives in Newport have tweeted their disappointment at the news that reportedly 390 jobs are to go at the Avana Bakery site in Rogerstone.
My heart goes out to workers and families at Avana following jobs news - especially after the hope when the factory was bought in July.
Sad news for Avana Bakeries Welsh Gov need to demonstrate the expertise and provide support and assistance to ensure new orders forthcoming
Up to 390 jobs could be at risk at a Newport bakery, just weeks after it was bought by a new owner.
Avana Bakeries in Rogerstone was at risk of closure earlier this year after losing its contract with Marks and Spencer. It was bought by Food Utopia Limited last month. There are reports jobs could now be at risk again.
Cllr Chris Evans, who represents Rogerstone on Newport City Council tweeted his concerns.