Rolls-Royce wins $11 billion contract to power UK nuclear submarines
• Rolls-Royce has won a $9 billion contract from the UK Ministry of Defence (MoD) to design, manufacture, and support nuclear reactors for its fleet of submarines.
• The contract, valued at $11.1 billion, will span eight years and includes research and technology, design, manufacture, and in-service support of the nuclear reactors.
• The deal is seen as a significant boost to the economy and the UK’s nuclear deterrent.
• The contract, awarded to Rolls-Royce Submarines, will pave the way for the creation of over 1,000 jobs in the UK, most of them in the company’s manufacturing plant in Derby, England.
• The deal is seen as a significant step towards boosting national security and economic growth.
