UK invests in ammunition production

by: Matthew Potter
August 19, 2008

Category: BAE Systems, Contract Awards, England, logistics, production program | RSS 2.0

The UK Ministry of Defence signed an approximately $4 B contract with BAE systems to buy ammunition, explosives and also to rebuild the former Royal Ordnance factories. BAE had bought the formally Government owned ammunition production sites in 1987 and have slowly closed down capacity. BAE had been looking at selling off this part of the company, but this long term contract with the UK military should stop that in the near term. As part of the contract BAE will invest in modernizing and upgrading the factories.

The story is in the Times.

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