Rolls-Royce Wins US$11 Billion UK Nuclear Submarine Contract

Rolls-Royce wins US$11 billion UK nuclear submarine contract

• 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 is valued at $11.1 billion and will be for eight years.
• The deal is part of a defense agreement between the UK, US, and Australia, which will see Rolls-Royce provide reactors for the new fleet of nuclear submarines.
• The contract is expected to boost jobs and deter nuclear activities in the UK.
• The UK government has hailed the contract as a win for the economy and the UK’s nuclear deterrent.
• The contract is part of the next phase of the Dreadnought Submarine Build, with over GBP 2 billion set aside for the next phase.
• The contract is expected to create jobs and boost the UK’s nuclear deterrent efforts.

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