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Britain awards $3.3 bln in submarine work to BAE Systems

Reuters - UK Focus

LONDON, May 14 (Reuters) - Britain on Monday awarded defence firm BAE Systems (LSE: BA.L - news) 2.4 billion pounds ($3.26 billion) to work on two submarine programmes, the company said in a statement.

The Ministry of Defence gave BAE a 1.5 billion pound contract for delivery of the seventh Astute class submarine, and a further 900 million pounds for the next phase of the Dreadnought submarine programme, the company said.

($1 = 0.7364 pounds) (Reporting by Alistair Smout; editing by Kate Holton)