U.K. to Strengthen Nuclear Deterrence Under New Defense Strategy
The U.K. will build up to 12 nuclear-powered attack submarines and spend 15 billion pounds ($20.18 billion) on its nuclear-warhead program, as part of a decade-long defense strategy.
Shares in British arms makers such as Babcock International BAB 7.69%increase; green up pointing triangle and BAE Systems BA 1.95%increase; green up pointing triangle were lifted by glimpses into the U.K. Strategic Defence Review, due for publication later Monday, which calls for Britain to move to 'warfighting readiness to deter threats and strengthen security' in the Euro Atlantic area.
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