1. ITV Report

Defence secretary confirms half billion pound missile deal for Stevenage firm

Sir Michael Fallon confirming the half billion pound missile contracts in Stevenage

Defence Secretary Sir Michael Fallon, has today announced three new missile contracts worth over £530 million for state-of-the-art Meteor, Common Anti-air Modular Missile and Sea Viper missile systems to be built at MBDA Stevenage.

The half a billion-pound contracts will sustain over 130 jobs with MBDA in the UK, with missile modification and service support being carried out in Stevenage, Henlow, Bristol and Bolton.

Commenting on the deal Secretary of State, Sir Michael Fallon said

This substantial investment in missile systems is vital in protecting our ships and planes from the most complex global threats as our Armed Forces keep the UK safe.

Backed by our rising Defence budget, these contracts will sustain high skilled jobs across the UK and demonstrate that strong defence and a strong economy go hand in hand.

– Sir Michael Fallon