BAE Systems in Portsmouth were recently given a ten year contract to improve Royal Navy torpedoes by the MOD. The contract is worth over £250 million and it is anticipated that around 100 jobs in Portsmouth will be created as a result.
BAE has been fighting hard to win the contract for some time; it comes as positive news for locals along with the Portsmouth job market. With a ten year contract in place, BAE are able to offer some security to their employees, as well as investing money into training to improve the overall skills of their workforce.
The organisation currently employs around 3500 staff across various jobs in Portsmouth. The contract will allow the company to employ a further 100 staff members in what are considered highly skilled job roles.
The contract also comes as positive news to the Solent area in general, with it now playing a fundamental role in creating UK government defence systems. Portsmouth is fast becoming one of the top cities in the world for creating defence technology.
Earlier in 2014 Portsmouth was also given the go ahead to continue running the naval base. Despite BAE losing jobs in their shipbuilding department, this recent announcement comes as a positive boost for both the organisation and Portsmouth’s local economy.
Watch this space for further details on the creation of these new jobs in Portsmouth at BAE.