State acquires defence manufacturer to secure of supply parts for Royal Navy’s ships and submarines
The UK government has nationalised the defence manufacturer Sheffield Forgemasters to secure the supply of parts that are vital for the Royal Navy’s ships and submarines.
The Ministry of Defence said it would spend £2.6m to acquire the whole of the company, and planned to invest as much as £400m over the next decade to replace critical equipment and infrastructure required for the company’s military production capacity.
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