Rolls-Royce Submarines: £800m contract awarded by MOD

Rolls-Royce Rolls-Royce Submarines has been awarded an £800m contract

Related Stories

Rolls-Royce Submarines in Derbyshire has been awarded an £800m contract aimed at delivering and supporting the UK's nuclear fleet, and 2,000 jobs.

A spokesman said the Ministry of Defence (MoD) contract would put its existing Raynesway factory work into a "new commercial framework".

The MoD said it would help meet a commitment to save £900m in a nuclear submarine industry restructuring.

The contract's duration was ten years, it said.

Defence Minister Philip Dunne told the Commons costs would be £200m lower as a result of the agreed deal.

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.

Rolls-Royce Submarines had a vital role to play in meeting the present and future defence and security needs of the UK, he said.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Derby

Weather

Derby

Min. Night 4 °C

Features & Analysis

Elsewhere on the BBC

  • ITChild's play

    It's never been easier for small businesses to get their message out to the world

Programmes

  • Joe Ierardi playing a pianoClick Watch

    Meet the man trying to create the perfect digital piano - but is it as good as the real thing?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.