UK’s Ministry of Defense in talks to control steelmaker for nuclear

In this image from file video provided by UK Ministry of Defence, British navy vessel HMS Montrose escorts another ship during a mission to remove chemical weapons from Syria at sea off coast of Cyprus in February 2014. (File photo: AP)

Britain is working on a plan to take control of one of Britain’s oldest steelmakers to secure the supply chain for the country’s nuclear submarine fleet, Sky News reported on Saturday.

The Ministry of defense (MoD) had enlisted Deloitte to advise it on the talks with privately-owned Sheffield Forgemasters, Sky News said, citing steel industry sources.

For all the latest headlines, follow our Google News channel online or via the app.

The MoD could not immediately be reached for comment.

An outright takeover of Sheffield Forgemasters, which traces its history back to a small blacksmith’s forge in the 1750s, was only one of a number of options being considered, and that any agreement was likely to be several months away, Sky News said.

“Our long-term relationship with UK defense prime contractors and the MoD is based on the critical work we do within the Submarine program and we will not comment on matters regarding our defense work,” Sheffield Forgemasters Chief Executive David Bond said in an emailed statement.

Britain’s four Vanguard-class submarines form the country’s strategic nuclear deterrent force, the Royal Navy says on its website. Each is armed with Trident 2 D5 nuclear missiles.

Read more:

Crunch UK-EU talks on post-Brexit ties to resume Nov. 6

Vessel attacked off Yemen's coast, UK maritime organization says

Coronavirus: UK hopes for 1 mln doses of Pfizer/BioNTech vaccine this year

SHOW MORE
Last Update: Sunday, 06 December 2020 KSA 00:36 - GMT 21:36
Top