A multi-million pound deal to upgrade one of the Royal Navy's nuclear deterrent submarines will secure the future of 2,000 British jobs, the Defence Secretary will announce today.
The £350 million contract to refit and refuel HMS Vengeance will be confirmed by Phillip Hammond during a visit to Devonport Dockyard in Plymouth this morning.
It will sustain more than 1,000 jobs at Babcock in Devonport, Plymouth, and a further 300 at other companies in the city. Such is the scale of the refit that another 700 jobs in the industrial supply chain across the UK will also be sustained.
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