BAE Systems has been awarded a new 15-year contract for the supply of munitions to the UK Ministry of Defence (MOD). The contract, worth £2.4bn, will sustain approximately 4,000 jobs across the UK. This new agreement, which will supersede the current contract due to conclude at the end of 2022, will guarantee the delivery of munitions products and engineering support to the UK Armed Forces.
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| The agreement enables BAE Systems to invest £70 million on the refurbishment and upgrade of manufacturing lines, with 75% of this value being invested by 2026 (Picture source: BAE Systems) |
