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A historic £9bn agreement has been made between the Ministry of Defence and Rolls-Royce for nuclear submarine reactors, marking the largest ever deal between the two parties. The contract, called Unity, is set to span eight years, streamlining contracts and incentives while making the design, manufacture, and support services more efficient and environmentally friendly. The agreement is expected to create over 1,000 new jobs in the UK, protecting an additional 4,000 roles.
Defence Secretary John Healey hailed the deal as an “engine for growth” after announcing the agreement on Friday during a visit to the company’s nuclear reactor production facility in Derby. Unity includes the build and commission of new submarines for the Dreadnought Class and the beginning of contracts for the new Aukus defence alliance, in addition to providing support to the current UK Royal Navy submarine fleet.
The agreement is estimated to lead to a savings of £400m while supporting high-skilled UK jobs to equip thousands of submariners, increasing both national security and business growth. The new fleet of nuclear submarines will be built in both Britain and Australia, taking advantage of each country’s technological expertise, as part of a defence deal between the UK, US and Australia in March 2023.
Rolls-Royce Submarines already operates the newly established Nuclear Skills Academy in Derby, which will be offering apprenticeships to over 200 people each year for at least the next decade. The company is also expanding its submarine division, increasing the size of its Raynesway site and moving into newly built warehouses in Pride Park
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