Market
Will the first Dreadnought Class submarine enter service by the end of 2028?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Announcements from the UK Ministry of Defence or the Royal Navy
Story
UK Awards £9 Billion, 8-Year Contract to Rolls-Royce for Nuclear Submarine Reactors, Including Dreadnought and SSN-AUKUS
Jan 24, 2025, 08:23 AM
The UK government has awarded Rolls-Royce a £9 billion contract to design, manufacture, and support nuclear reactors for the Royal Navy's submarine fleet. The eight-year 'Unity' contract, announced by Defence Secretary John Healey, aims to enhance efficiency and environmental sustainability in reactor production. The deal is expected to create over 1,000 new jobs and safeguard 4,000 existing positions, contributing to national security and economic growth. The contract includes support for the current submarine fleet, the construction of new Dreadnought Class submarines, and the initiation of the SSN-AUKUS program. Rolls-Royce's involvement is seen as a long-term investment in the UK's nuclear deterrent capabilities.
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