Helicopter Lifeline: Rachel Reeves to Secure British Jobs with Leonardo Deal
Finance Minister Rachel Reeves is set to award a significant contract to Italian defence company Leonardo, ensuring the survival of Britain's last military helicopter manufacturing site in Yeovil. The deal, worth nearly 1 billion pounds, will safeguard 3,000 jobs and maintain the UK's defense industrial capacity.
Britain's finance minister, Rachel Reeves, is poised to finalize a crucial contract with Italian defense firm Leonardo, securing the future of Britain's sole military helicopter manufacturing facility in Yeovil.
This move, valued at approximately 1 billion pounds, is set to preserve 3,000 jobs by commissioning a new fleet of medium-lift support helicopters, although fewer than the originally stated requirement.
The decision comes amid financial constraints and the looming expiration of Leonardo's tender, underscoring Britain's commitment to its defense industry and job protection.
Advertisement
ALSO READ
-
Rachel Reeves' Bold Move: Securing Britain's Helicopter Future with Leonardo
-
UK Deliberates $1.35 Billion Helicopter Contract Amid Uncertain Defence Spending
-
Rachel Reeves: Closer Europe Ties Key to Economic Boost
-
Storm Leonardo Wreaks Havoc on Iberian Peninsula
-
Unyielding Storms: Leonardo's Impact on Iberia
Google News