Story perspectives

Royal Oak £26bn Base Upgrade; Boeing Secures £115m Poseidon Deal

7/15/2026

Summary

Story summary

Defence Minister Luke Pollard announced the £26 billion Royal Oak to modernise Clyde, Devonport and Portsmouth.
The project adds docking ports, docks Dreadnought-class submarines and funds accommodation for personnel across three bases.
The Royal Air Force (RAF) awards Boeing Defence UK a £115.2 million P-8 Poseidon contract at Lossiemouth, protecting 380 jobs, while the Ministry of Defence (MOD) bought Finnart Terminal, a berth for tankers up to 324,000 tonnes expanding Clyde’s fuel capacity.

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Story summary

Defence Minister Luke Pollard announced the £26 billion Royal Oak to modernise Clyde, Devonport and Portsmouth.
The project adds docking ports, docks Dreadnought-class submarines and funds accommodation for personnel across three bases.
The Royal Air Force (RAF) awards Boeing Defence UK a £115.2 million P-8 Poseidon contract at Lossiemouth, protecting 380 jobs, while the Ministry of Defence (MOD) bought Finnart Terminal, a berth for tankers up to 324,000 tonnes expanding Clyde’s fuel capacity.