Monday 26 January 2015

Rolls Royce wins defence contract

Published 13/02/2013 | 14:56

Defence Minister Philip Dunne
Defence Minister Philip Dunne

Rolls Royce Submarines has won an £800 million contract aimed at delivering and supporting the UK's nuclear fleet - and with it 2,000 jobs.

The 10-year "foundation contract" is the first of three deals the Ministry of Defence (MoD) is expected to sign.

Across the programme, up to £900 million of savings are planned, with costs due to be £200 million lower as a result of this deal, Defence Minister Philip Dunne told the Commons on Wednesday afternoon.

In a written statement to MPs, Mr Dunne said the contract covered the overhead, running and business costs at Rolls-Royce Submarines sites.

He said the new deal consolidated costs, focussed on efficiency and secured future terms and conditions between the firm and the MoD.

And he said: "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 the present and future defence and security needs of the UK."

Press Association

Promoted articles

Read More

Promoted articles

Editors Choice

Also in World News