First Royal Navy Type 31 frigate to hit the water this year
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- Total addressable market sizing ($)
- Competitor analysis
- Cost analysis
- Market forecasting
- Growth identification
- Increasing closing ratio
- Increasing closing order value
- Estimating product potential
- Calculating sales forecasting
- Supply and demand analysis
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Its builder Babcock will deliver the first-in-class vessel to the UK MoD later in 2025.
Defence Procurement Minister James Cartlidge confirmed the dates in a recent response to a Parliamentary Question.
Venturer is scheduled to enter service with the RN two years after its delivery in 2027.
Since a contract for the vessels was signed in 2019, the MoD has agreed with Babcock to a £40 million increase in the overall programme cost due to the impact of COVID-19 and supply chain volatility.
This £40 million figure amounts to around 3% of the production cost of the ships, which,
Defence Procurement Minister James Cartlidge confirmed the dates in a recent response to a Parliamentary Question.
Venturer is scheduled to enter service with the RN two years after its delivery in 2027.
Since a contract for the vessels was signed in 2019, the MoD has agreed with Babcock to a £40 million increase in the overall programme cost due to the impact of COVID-19 and supply chain volatility.
This £40 million figure amounts to around 3% of the production cost of the ships, which,
