The future of Northern Ireland-based shipbuilder Harland and Wolff appears secure after Spain’s state-owned business Navantia agreed to buy the company. The purchase is subject to regulatory approval and will safeguard 1,000 jobs at Harland and Wolff’s four shipyards in England, Scotland, and Northern Ireland. As a subcontractor on a major Royal Navy contract, the deal is crucial for national security and will bring investment into UK shipbuilding. Business Secretary Jonathan Reynolds hailed the move as a “major vote of confidence” in the UK, protecting jobs and securing the country’s maritime interests.
Source: https://thehill.com/homenews/ap/ap-business/ap-titanic-builder-harland-and-wolff-to-be-bought-by-spains-navantia