MoD to take full control of nuclear submarine steel firm amid concerns it could go bust. A steel company that makes parts for the UK’s nuclear submarine programme is close to being nationalised amid concerns it could go bust. The Ministry of Defence is adding the final touches to a deal for Sheffield Forgemasters, which has been beset by financial difficulties. In 2016 defence firms BAE Systems, Babcock International and Rolls-Royce underwrote a £30million loan following an approach from a state-owned Chinese firm in 2015 about a rescue deal, which was blocked by ministers.
Daily Mail 7th July 2021 read more »