Rolls Royce agrees contract with MoD worth 800m pounds

Rolls-Royce, the FTSE 100 global power systems company, has shaken hands with the Ministry of Defence (MoD) on a new 10-year enabling contract that will sustain as many as 2,000 jobs in the UK.

Rolls-Royce, the FTSE 100 global power systems company, has shaken hands with the Ministry of Defence (MoD) on a new 10-year enabling contract that will sustain as many as 2,000 jobs in the UK.

The contact, which is valued at around £800m, will deliver costs savings of £200m to the MoD in the provision of nuclear propulsion systems for the UK's existing and future submarine flotilla.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.