Three new missile contracts worth a combined £539 million have been announced today. 

The Secretary of Defence, Sir Michael Fallon, spoke to Forces News earlier saying "it is important that we keep developing our defence systems ahead of our adversaries" and that we need to, 

"make sure that our Armed Forces, that are out there every day, keep themselves safe as they keep us safe".

41 million pounds will be spent on the new Meteor air to air missile system to arm F-35B Lighting II force by 2024, Typhoon will also have the capability by next year.

There’s 175 million pounds for further support to the Sea Viper weapons system, protecting the Royal Navy's Type 45 fleet with Aster Missiles. Under the contract, the missiles will be maintained, repaired and overhauled as and when required to ensure continued capability.

And the biggest and final investment is a 323 million pounds deal for the new Common Anti Air Modular missile system or CAAM. 

Tony Douglas, Chief Executive Officer of Defence Equipment and Support, the MOD’s procurement organisation, said:

"Work on these cutting-edge missiles, which will help to protect the UK at home and abroad and secure jobs across the country".

These contracts will support hundreds of jobs with MBDA, a defence company that has British, French, German and Italian employees.