Radway Green jobs safeguarded by £2 billion deal
6:56pm Tuesday 26th August 2008
DEFENCE giant BAE Systems has signed a 15-year deal with the Ministry of Defence, which will help safeguard jobs at Radway Green in Alsager.
The deal is worth £2 billion, and is intended to guarantee secure supplies of ammunition to UK troops.
Under the agreement BAE will supply about 80 per cent of the general munitions used by the UK’s Armed Forces for training and front line operations.
This includes small arms and medium-calibre ammunition, mortar bombs, tank ammunition and artillery shells.
The deal will help to safeguard 1,700 jobs at BAE Systems plants at Radway Green, County Durham and Monmouthshire.
BAE Systems has pledged to invest more than £120 million over the next five years to speed up the transformation of the three sites into “modern, safer, highly automated, energy-efficient and flexible facilities.”