Britain signs 550 million sterling weapons contract for F-35 jets

LONDON (Reuters) - Britain said on Wednesday that it signed a 550 million pound ($751 million) contract with European weapons-maker MBDA to manufacture surface-attack missiles for use on the country's F-35B fighter jets.

Britain said making the new missiles, known as SPEAR3, would enhance the UK's future combat air capability and support more than 700 jobs in the country.

MBDA is jointly owned by British defence company BAE Systems, European aerospace giant Airbus and Italy's Leonardo.

($1 = 0.7320 pounds)

(Reporting by Sarah Young, editing by Estelle Shirbon)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies Reiterates Hold Rating on Lockheed Martin (LMT)
• William Blair upgrades GitLab to Market Perform after strong second quarter
• Jefferies sees bottlenecks in critical minerals as electrification demand builds