Rolls Royce wins £9 billion pound UK nuclear submarine contract
Posted: Jan 24, 2025
- Rolls-Royce (RR.L) awarded an $11 billion contract to design, make, and provide support services for nuclear reactors for UK submarines
- The contract, called Unity, will streamline previous deals, incentivize cost-efficient production, and support the Dreadnought class of nuclear submarines
- The eight-year deal will strengthen the Royal Navy's continuous at-sea deterrent
- The contract is expected to create 1,000 jobs and safeguard 4,000 others
- Defense Secretary John Healey stated that the investment will boost British business, jobs, and national security
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - While there are some remarks suggesting the contract news might already be priced in, most comments express satisfaction with Rolls Royce's performance and prospects, including its involvement in SMRs and successful trading history for investors. Summarized comments: - Rolls Royce wins a contract to make reactors for new British submarines, which may already be priced in - RR.L has been a strong performer in some portfolios - Rolls Royce is also involved in developing Small Modular Reactors (SMRs) - Since Brexit, it's essential for the UK to invest in domestic companies like Rolls Royce - Some commenters have had successful trades with RR and IAG on the FTSE - Rolls Royce's continuous development is positively noted Stock tickers discussed: $RYCEY, RR.L
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