LONDON--The U.K. Ministry of Defense, or MoD, said Thursday it has awarded a 46 million pound contract to support and maintain a new sophisticated combat system across the Royal Navy's submarine fleet to BAE Systems PLC (BA.LN).
-Contract has been awarded to BAE Systems Maritime-Submarines and will safeguard around a total of 30 jobs at the company's sites in Ash Vale, Surrey, and Weymouth in Dorset.
-Shares at 1345 GMT up 5 pence, or 1.62%, at 338 pence valuing the defense and aerospace company at GBP11 billion pounds.
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