Rolls Royce awarded £1b from MoD
The Ministry of Defence has awarded Rolls Royce a £1.1 billion contract to produce new reactor cores for the Royal Navy’s nuclear submarines.
The investment – which secures 300 jobs at Rolls Royce - will also be used in an eleven-year refurbishment of the plant at Raynesway in Derby.
The refurbishment will cost around £500m.
A further £600m will be spent on producing new reactor cores for the Astute and Successor Class submarines.
Rolls Royce awarded contract worth £1billion
The Ministry of Defence has awarded Rolls Royce a £1.1billion contract to produce new reactor cores for the Royal Navy’s nuclear submarines
Rolls-Royce to build reactors as part of £1bn contract
It is being reported that Rolls-Royce will build reactors to power the next generation of Britain's nuclear submarines in Derby.