Rolls-Royce secures £1billion contract for UK's future submarine programme
Monday, 18 June 2012
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.
- Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
- Annual underlying revenues were £11.3 billion in 2011, of which more than half came from the provision of services. The firm and announced order book stood at £62.2 billion at 31 December 2011, providing visibility of future levels of activity.
- Rolls-Royce employs over 40,000 people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
- In 2011, Rolls-Royce invested £908 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.
- Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.
- The Group has been the sole Technical Authority for the UK Nuclear Steam Raising Plant, which has powered the whole of the UK’s Royal Navy submarine fleet for 50 years.