Outsourcer Serco hit by nuclear submarine blow

Outsourcer Serco, defence firm Lockheed Martin and Jacobs Engineering are set to lose a contract to develop warheads for Britain’s fleet of nuclear submarines. 

The Ministry of Defence is effectively preparing to re-nationalise the Atomic Weapons Establishment (AWE), which manages Britain’s nuclear stockpile and runs major sites in Berkshire, according to Sky News. 

Sinking feeling: The decision will be yet another blow for Serco, which is already under fire for its role in managing coronavirus testing

Sinking feeling: The decision will be yet another blow for Serco, which is already under fire for its role in managing coronavirus testing

Sinking feeling: The decision will be yet another blow for Serco, which is already under fire for its role in managing coronavirus testing

The decision will be yet another blow for Serco, which is already under fire for its role in managing several coronavirus testing centres and call centres. 

Serco and US firm Jacobs Engineering each own a 24.5 per cent stake in AWE, while Lockheed Martin owns 51 per cent. 

The consortium was handed a 25-year contract to develop Britain’s nuclear warheads in 2000. 

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