Inside the battle to replace Britain's ageing nuclear deterrent [Yahoo! Finance]
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: Yahoo! Finance
But as Grant Shapps, the Defence Secretary, came aboard HMS Vanguard to watch the refitted submarine test-fire a dummy Trident missile, the unthinkable happened: it failed. Instead of surging into the sky, the missile was ejected from the launch bay before crashing into the ocean after its boosters failed to fire. The flop, which followed a separate Trident mishap in 2016, triggered questions about the system's effectiveness, forcing Shapps to publicly insist it was “effective, dependable, and formidable”. Now, to ensure that remains the case, ministers are ploughing tens of billions of pounds into the biggest overhaul of Britain's nuclear deterrent in a generation. That will involve massive submarine-building programmes, including the delivery of Dreadnought-class boats in the early 2030s, as well as major upgrades to infrastructure. Projects already underway include a £750m overhaul of Babcock's submarine maintenance facility at HM Davenport in Portsmouth, a £1bn expansio
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