UK invests $4 billion to fund new phase of nuclear-powered submarine project

According to government authorities, Britain has signed contracts worth 4 billion pounds ($4.8 billion) to fund a new phase of the SSN-AUKUS next-generation attack submarine project. The accords, which involve British corporations BAE Systems, Rolls-Royce, and Babcock, are part of the AUKUS military alliance formed by the US, Australia, and the UK to fight China in the Asia-Pacific area. "(The) submarines will empower the Royal Navy to maintain our strategic advantage under the sea," UK Defence Secretary Grant Shapps said at the Conservative Party's annual conference in Manchester on Sunday. Last March, AUKUS officials announced the collaborative submarine project, which…