Ultra Electronics signs memorandum of understanding with AREVA

Defence, security, transport and energy company Ultra Electronics on Thursday signed a memorandum of understanding with AREVA to initiate a future partnership in nuclear power generation and the build of new EPR (Eurpean pressurized water) reactors in the UK.

Defence, security, transport and energy company Ultra Electronics on Thursday signed a memorandum of understanding with AREVA to initiate a future partnership in nuclear power generation and the build of new EPR (Eurpean pressurized water) reactors in the UK.

The agreement covers potential collaboration on instrumentation and control systems including reactor protection and control and relates to the two EPR reactors planned by EDF Energy at Hinkley Point for which a site licence was granted last month.

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.