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£364m contracts secure 140 jobs at defence company

A company in Caerphilly county says it has safeguarded 140 jobs, after securing two contracts, worth a total £364m, to supply the armed forces.

General Dynamics, in Oakdale, will continue to provide support for a high tech radio network, and provide a new generation of light armoured vehicles for the Ministry of Defence.

General Dynamics also says the deals will secure jobs in the company's wider supply chain.

Welsh Secretary David Jones welcomed the announced as "testament to the skills and talents of the workforce in Wales."

"It is also further proof that, as part of our long-term economic plan, we are continuing to see encouraging signs of growth and recovery in the Welsh economy coming just before the Nato summit in Newport in September."