The five warships will be built at BAE’s flagship facility in Glasgow

British defence stocks rallied across the board on Monday after Norway commissioned a record-breaking order of British-made warships and Babcock was handed an upgrade by a top stock broker.

Shares in BAE Systems rose by nearly two per cent after the Ministry of Defence (MoD) confirmed the Nato member had placed an order for five of the arms manufacturer’s anti-submarine warships worth some £10bn.

The commission for the Type 26 Frigates is the UK’s largest ever warship export deal by value, and promises support 4,000 jobs in the UK “well into the 2030s”, the defence ministry claimed.

The ships, which also represent Norway’s biggest defence procurement deal, will be built at BAE Systems’ shipyard in Glasgow, where

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