A deal has been struck to save troubled shipbuilder Harland and Wolff, with Spanish state-owned business Navantia stepping in to buy it.The Belfast-based company was placed into administration in September for the second time in five years.Harland and Wolff, which famously built the Titanic, is a subcontractor in part of a consortium that landed a major contract to build new fleet solid support ships for the Royal Navy.Navantia UK is the main contractor on that contract.

A deal has been struck to save troubled shipbuilder Harland and Wolff, with Spanish state-owned business Navantia stepping in to buy it.The Belfast-based company was placed into administration in September for the second time in five years.Harland and Wolff, which famously built the Titanic, is a subcontractor in part of a consortium that landed a major contract to build new fleet solid support ships for the Royal Navy.Navantia UK is the main contractor on that contract.