Procurement / By / January 31, 2021 / 1 minute of reading

£550 Million Missile Contract Signed.

January 31, 2021
Procurement

Yesterday defence Defence Minister Jeremy Quin announced a £550 million contract was awarded for new surge-attack missile

The contract award promises ‘hundreds of UK jobs’ as well as ‘unrivalled lethality’ for the UK’s lightening jets.

“The development of this next-generation missile will allow us to protect our personnel and assets on the ground, from thousands of metres in the sky above.” said Quinn.

“Our commitment to this system will secure hundreds of highly skilled jobs across the UK and showcase British technology and weapon expertise on the world stage.”

The new seven-year contract is with MBDA, a 3.7Bn(Euro) multi-national group with more than 11.500 employees across France, Germany, Italy, Spain and the United Kingdom.

At the peak of the contract, MBDA propose 570 people will work on various aspects of the development across Bristol, Stevenage and Bolton. Another 200 jobs are expected to be sustained along the supply chain.

The contract forms part of the Complex Weapons portfolio with MBDA, which the Government report will create a £1.2 billion saving to UK defence.

The contract also allows the MOD and MBDA weapons export potential.

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