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TORPEDO CONTRACT LAUNCHED

BAE SYSTEMS won a &pound;370m 10-year contract yesterday to develop torpedoes for the Royal Navy and Royal Air Force.<br />BAE said the deal will help to secure 120 jobs at its Portsmouth plant. The contract includes heavyweight, submarine-launched Spearfish torpedoes, as well as lightweight Sting Ray anti-submarine torpedoes which are carried on board ships, helicopters and aircraft.