Derby jobs boosted by £9bn nuclear submarine deal

Published On Jan 24, 2025, 1:07 AM

Rolls-Royce has secured a significant £9 billion contract to supply nuclear reactor systems for submarines as part of a defense deal between the UK, US, and Australia. This contract, named 'Unity', aims to enhance the efficiency of reactor design, manufacturing, and support services, while creating over 1,000 new jobs in the UK. The deal is expected to not only ensure the seamless functioning of the current Royal Navy submarine fleet but also pave the way for the construction of new Dreadnought Class submarines as part of the AUKUS defense alliance. This investment highlights the UK's commitment to maintaining a strong defense posture and enhancing domestic jobs and business growth.

Stock Forecasts

Related News