Category Archives: Budget Industry

Report: U.K. MoD Set to Release $1.32B for First Successor Ballistic Missile Sub

Report: U.K. MoD Set to Release $1.32B for First Successor Ballistic Missile Sub

An artist's conception of the U.K.'s Successor-class future planned ballistic missile submarine (SSBN) released Tuesday. UK Ministry of Defense Photo

An artist’s conception of the U.K.’s Successor-class future planned ballistic missile submarine (SSBN) released Tuesday. UK Ministry of Defense Photo

The U.K. Ministry of Defense is set to give manufacturers of the Royal Navy’s next nuclear submarine class $1.32 billion for early development funds for the program, according to a Monday report in The Financial Times. Read More

Report: Russian Sub Activity on the Rise in North Atlantic

Report: Russian Sub Activity on the Rise in North Atlantic

Russian submarine Severodvinsk

Russian submarine Severodvinsk

While Russian submarine activity in the Baltic and Mediterranean Seas and the North Atlantic are at their highest levels since the end of the Cold War, its navy has only started to be resourced and its undersea fleet, while “a pocket of competence,” remains small. Read More