SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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new guy wrote: 27 May 2024, 22:59
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Harland and Wollf have better PR than accountants.

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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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Their accounts are fine. It's a startup, normal CAPEX to get things up and running in the first couple of years. On track for 200million revenue in 2024, likely cashflow neutral over the course of the year.

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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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I don't have a subscription to read the article and am therefore assuming the tweet content reflects the article content:


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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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SD67 wrote: 28 May 2024, 08:46 Their accounts are fine. It's a startup, normal CAPEX to get things up and running in the first couple of years. On track for 200million revenue in 2024, likely cashflow neutral over the course of the year.
Everything is not fine if you are relying on receiving a government loan guarantee which you think should be exceptionally extended to cover 100% instead of the standard 80%.

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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

Post by Caribbean »

Sorry - is this a mis-post? WHat have Harland & Woolf got to do with AUKUS?
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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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Caribbean wrote: 28 May 2024, 23:28 Sorry - is this a mis-post? WHat have Harland & Woolf got to do with AUKUS?
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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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Phil Sayers wrote: 28 May 2024, 13:34 I don't have a subscription to read the article and am therefore assuming the tweet content reflects the article content:

The indications for SSN-R were they would re-use SSBN tooling, reactor, quieting, etc. I doubt that the transition to SSN-AUKUS has changed that much. Big, beefy boats.
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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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tomuk wrote: 28 May 2024, 22:14
SD67 wrote: 28 May 2024, 08:46 Their accounts are fine. It's a startup, normal CAPEX to get things up and running in the first couple of years. On track for 200million revenue in 2024, likely cashflow neutral over the course of the year.
Everything is not fine if you are relying on receiving a government loan guarantee which you think should be exceptionally extended to cover 100% instead of the standard 80%.
Bringing iit back to AUKUS - the production facilities at Barrow have been almost doubled in size over the last few years to support ramp up for Successor and AUKUS - have BAE financed that CAPEX themselves? I think youll find the answer is no. Thats not how defence works.

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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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SD67 wrote: 29 May 2024, 03:31
tomuk wrote: 28 May 2024, 22:14
SD67 wrote: 28 May 2024, 08:46 Their accounts are fine. It's a startup, normal CAPEX to get things up and running in the first couple of years. On track for 200million revenue in 2024, likely cashflow neutral over the course of the year.
Everything is not fine if you are relying on receiving a government loan guarantee which you think should be exceptionally extended to cover 100% instead of the standard 80%.
Bringing iit back to AUKUS - the production facilities at Barrow have been almost doubled in size over the last few years to support ramp up for Successor and AUKUS - have BAE financed that CAPEX themselves? I think youll find the answer is no. Thats not how defence works.
H&W aren't in the same contractual relationship with the government that BAE are for nuclear submarine production.
The FSS contract is with Navantia not H&W.
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Re: SSN-AUKUS Future Astute Replacement (2030s) (RN) [News Only]

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From Navy Lookout:



BAE looking to conduct groundwork for a very large expansion Barrow Shipyard onto Barrow Island, currently site of a disused gas and fuel storage facility (an amenity I didn't realise the UK had an overabundance of.... ).

https://www.nwemail.co.uk/news/24383689 ... rrow-site/
BAE Systems has lodged initial plans to demolish a former gas and fuel storage facility in Barrow to support the ‘future development’ of the site.

The company has submitted a request for screening opinion to Westmorland and Furness Council to determine whether an environmental impact assessment (EIA) is necessary for the demolition and removal of existing infrastructure on the former Spirit Energy site on Barrow Island.

Proposals also involve the creation of a level platform at 8.5 metres ‘to support the future development’ of the site. Ground levels within the site vary considerably, but generally slopes down from north to south, from a height of approximately 15 metres to six metres, planning documents add.
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