[Nick Hargrave]

https://www.baesystems.com/en/article/bae-systems-awarded-4-2bn-contract-to-build-five-more-type-26-frigates-in-glasgow

Part of the thesis is that key competitor yard capacity is utilised for the foreseeable future, and BAE’s announcement on a new contract win requiring a new hall build to accommodate the work would seem to confirm this. BAE are part of the Team UK consortia bidding against Team Resolute, and with so much UK work now confirmed under this contract, it may make it politically more palatable to award the FSS contract to a consortium with a larger international component (Team Resolute’s main contractor is Navantia of Spain) while still supporting UK industry. This is clearly all conjecture, but key to the risk/reward proposition presented here