BAE Systems wins £70m contract

BAE Systems has been awarded a £70m contract for the maintenance of Royal Navy Ships at Portsmouth Naval Base. The Ministry of Defence contract will protect 100 engineering roles at the base and will run from next month until November 2016. It involves managing the support, maintenance and upgrade of Type 45 Destroyers at the base and on operations. The FTSE 100 defence firm said last year it would be cutting 1,775 jobs and ending shipbuilding at Portsmouth.