Sheffield Forgemasters and Steel for Nuclear Submarines

could go bust. A steel company that makes parts for the UK’s nuclear
submarine programme is close to being nationalised amid concerns it could
go bust. The Ministry of Defence is adding the final touches to a deal for
Sheffield Forgemasters, which has been beset by financial difficulties. In
2016 defence firms BAE Systems, Babcock International and Rolls-Royce
underwrote a £30million loan following an approach from a state-owned
Chinese firm in 2015 about a rescue deal, which was blocked by ministers.

 Daily Mail 7th July 2021

 https://www.thisismoney.co.uk/money/markets/article-9766281/MoD-control-nuclear-submarine-steel-firm-Forgemasters.html