Rolls-Royce wins £800m MoD deal for submarines
ROLLS-ROYCE has won an £800 million contract aimed at delivering and supporting the UK's nuclear submarine fleet – and helping to secure about 2,000 jobs.
The 10-year "foundation contract" is the first of three deals the Ministry of Defence is expected to sign.
Rolls-Royce has its marine division in Raynesway, Derby.
Defence Minister Philip Dunne told the Commons yesterday that the contract covered the overhead, running and business costs at Rolls-Royce Submarines sites.
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"The foundation contract will help sustain around 2,000 jobs at Rolls-Royce Submarines in the UK, which provides a unique national strategic capability that has a vital role to play in meeting present and future defence and security needs."
Rolls-Royce was unavailable for comment on the deal last night. This latest contract comes after it was announced in November that the Ministry of Defence was spending a further £315 million to develop the next generation of Vanguard-class submarines.
And last summer Rolls-Royce announced plans to spend £500 million on regenerating its Raynesway factory after striking a huge deal to build submarine reactors.
The firm signed a £1 billion deal with the MoD to deliver reactor cores for the UK's nuclear-powered fleet.