The group says Dreadnought activity now represents sales of more than £1 billion per annum.
Sales at BAE Systems as a whole rose from £3,116 million in 2019 to £3,257 million in 2020.
BAE Systems Submarines in Barrow is a member of the Dreadnought Alliance, working alongside the Submarine Delivery Agency and Rolls-Royce to deliver the replacement for the Royal Navy’s Vanguard class, which carries the UK’s independent nuclear deterrent.
The value of the programme to the company to date is £5.9 billion, with contract funding of £0.6 billion received in 2020.
Four Dreadnought class submarines will be built in Barrow, with the first of these due to be in operational service in the early 2030s. Construction of the first and second submarines continues to advance.