BAE Systems secures contracts worth over £1 billion with UK Navy

According to a press release published by BAE Systems on April 2, 2021, the British company will retain its key role supporting the Royal Navy at Portsmouth Naval Base, with the Company securing two contracts as part of the Ministry of Defence’s (MOD) Future Maritime Support Programme (FMSP) competition. The contracts, worth up to £1.3 billion over five years, will commence on 1 October 2021 following a transition period.

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Her Majesty's Naval Base, Portsmouth (Picture source: UK government)

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