BAE Systems unions have said that the £9m ($114m) Nimrod aircraft could be turned into scrap metal following the new defence review.
UK Prime Minister David Cameron said in the review that the replacement Nimrod MRA4 surveillance and reconnaissance planes project would be scrapped.
The prime minister said the project had cost over £3bn ($4.8bn), according to the BBC.
The Ministry of Defence (MoD) said it was holding talks with BAE Systems about the future of the aircraft.
BAE has already built one Nimrod aircraft and is in the process of manufacturing eight others at its plant in Woodford, Cheshire.
The MoD awarded a contract to BAE in 1996 to build 21 planes, which was reduced to 12 and later to nine aircraft before being scrapped.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData