UK Parliament OKs $54B Nuclear Sub Replacement Program

By Daniel Wilson (July 19, 2016, 4:47 PM EDT) -- The British Parliament on Monday voted overwhelmingly in favor of a proposal to replace the U.K.'s aging fleet of nuclear submarines, an effort that is expected to cost up to $54 billion to complete.

Members of the House of Commons voted 472-177 in favor of moving forward with the £41 billion ($53.7 billion) plan, intended to replace the current Vanguard-class nuclear-powered and nuclear-armed submarine fleet with a fleet of four proposed "Successor-class" submarines.

The vote was the first in the Parliament since the appointment of new Prime Minister Theresa May, following David Cameron choosing to step down after the recent "Brexit"...

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