UK: Rolls-Royce, MoD Sign USD 1 Billion Contract

first_img View post tag: Naval UK: Rolls-Royce, MoD Sign USD 1 Billion Contract Rolls-Royce, the global power systems company, has signed a contract worth in excess of £1billion with the Ministry of Defence (MoD) to deliver reactor cores for the UK’s nuclear-powered submarine fleet.This contract includes regeneration of the current Rolls-Royce submarine reactor core manufacturing facility in Derby. The Group will introduce the latest technology and manufacturing techniques to deliver increased efficiencies committed by the MoD and industry as part of the Strategic Defence and Security Review.Jason Smith, Rolls-Royce President Submarines and Chief Operating Officer – Nuclear said: “This is excellent news that demonstrates the high level of trust the MoD has in both our technology and the expertise of our highly skilled workforce. This new facility will deploy advanced manufacturing techniques to enhance our world leading nuclear manufacturing capability.”Under this contract Rolls-Royce will continue to maintain and operate its existing reactor core manufacturing facility in Derby, UK. In parallel the Group will complete a phased rebuild to provide a leading-edge manufacturing facility with the highest standards of safety to support future MoD programme needs.Rolls-Royce is the UK’s lead company, on behalf of the MoD, in nuclear submarine reactor systems and support services; incorporating design, manufacture, procurement and operation.[mappress]Naval Today Staff , June 18, 2012; Image: Rolls-Royce View post tag: contract Industry news View post tag: News by topic View post tag: billion June 18, 2012 View post tag: MoDcenter_img Back to overview,Home naval-today UK: Rolls-Royce, MoD Sign USD 1 Billion Contract View post tag: sign View post tag: Navy View post tag: Rolls-Royce View post tag: 1 View post tag: USD Share this articlelast_img read more