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The first steel has been cut on HMS Active, the second Type 31. Active has 11 predecessors, with the previous Active on active service in the Falklands War, one each in WW2 and WW1. The 1769 Active "... captured a prize of £100 million worth of Spanish treasure." That would've been great prize money for the crew.
Steel cut on new Type 31 Frigate in Scotland
The first steel has been cut for HMS Active, the second of five new Type 31 Frigates, at the Babcock shipyard in Rosyth.