BRITAIN’S Ministry of Defence (MoD) set to take back control of the atomic weapons contract from the Lockheed Martin-led group.
The defence ministry will resume direct day-to-day operations of the country’s nuclear weapon warheads as they regain control from a consortium run by Lockheed Martin, Serco and Jacobs Engineering.
The announcement from Britain’s MoD means they are set to take back control and management of the atomic weapons contract from June 2021, according to Serco reports on Monday, November 2.
Lockheed Martin, Serco and Jacobs Engineering have managed the entity called AWE Management, which controls the Atomic Weapons Establishment since 2000, however, following discussions on Friday, October 30, the decision was made to transfer to AWE back to the MoD.
It is unclear what this means for the three companies as Lockheed Martin has a 51% stake in AWE Management, with Serco and Jacobs holding 24.5% each.
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