Indurent’s Post

Rolls-Royce has been awarded a A$17.7 billion eight-year contract from the UK Government, to deliver nuclear reactor design, manufacture and support services for Royal Navy submarines. The “Unity” contract aims to streamline previous contracts and incentivises more efficient delivery, a move which the UK Government believes could save more than A$700 million over the life of the contract, “creating more than 1000 UK jobs and safeguarding 4000 other roles”. The deal is considered a key pillar in maintaining the UK Government’s commitment to the “triple-lock” on the nuclear deterrent, which includes building four new nuclear submarines, maintaining a continuous at sea nuclear deterrent; and delivering all future upgrades needed. The UK Government also believes the deal “strengthens the historic AUKUS partnership with the USA and Australia”. “The eight-year contract represents long-term certainty for a major British business, building in resilience and capability across the supply-chain,” said UK Defence Secretary John Healey MP. “This will generate more efficiency and allow for effective risk and opportunity management, providing incentives to produce more for no increase in cost, including on work such as the building of Dreadnought Class submarines.”

£𝟵𝗯𝗻 𝗻𝘂𝗰𝗹𝗲𝗮𝗿 𝘀𝘂𝗯𝗺𝗮𝗿𝗶𝗻𝗲 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁, 𝘄𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗲𝗮𝗻 𝗳𝗼𝗿 𝗖𝗮𝗿𝗱𝗶𝗳𝗳?  The Defence Secretary has announced today a £9bn deal with Rolls-Royce which includes the build and commission of new Dreadnought Class submarines and contracts for the new Aukus defence alliance. The deal is expected to create more than 1,000 UK jobs and safeguard 4,000 other roles.    Cardiff seeks to benefit significantly from this with Rolls-Royce announcing 130 new engineering jobs at its site in St Mellons. However, Cardiff Parkway remains a vital component in ensuring long term growth in the region, with the firm suggesting it serves to enable even more job opportunities in the future.   The long term benefits of this deal can't be understated, putting necessary pressure points on HEs and FEs to ensure that a pipeline of high-skilled talent is readily available in the Welsh economy.     𝗪𝗵𝗮𝘁 𝗵𝗮𝘀 𝘁𝗵𝗶𝘀 𝗴𝗼𝘁 𝘁𝗼 𝗱𝗼 𝘄𝗶𝘁𝗵 𝗦𝗠𝗘𝘀?  Welsh Government’s 'Mission for Growth' should focus on ensuring that further and higher education institutions consistently equip young people with robust skill sets that not only meet the needs of anchor companies in Wales but are also transferable for future opportunities. With over 250,000 SMEs in Wales—many of which contribute to larger supply chains—success is not about ‘Big vs Small’ but about fostering a connected ecosystem where businesses of all sizes collaborate to drive innovation, resilience, and sustainable economic growth.   Strengthening partnerships between education providers and businesses will create a skilled workforce that can adapt to industry demands and empower young people to succeed in a dynamic and globally competitive Welsh economy. 🔗 FSB Wales report: A Skill Led Economy for Wales -

A £9bn deal for nuclear submarine reactors has been agreed between the UK Ministry of Defence and Rolls-Royce! The 8yr Unity contract is designed to make the design, manufacture and support services for reactors more efficient and environmentally friendly. As key suppliers of high integrity casting for critical defence applications, it's great to see a significant investment in advancing the UK's defence capabilities while prioritising sustainability and efficiency. Full article: https://bbc.in/40MZNFS #Defence #Casting #MetalCasting #Foundry #MetalFoundry #Engineering #Manufacturing #CNC

“From adhesives to specialised tools, every component matters in creating a safe, efficient and world-class nuclear ecosystem.” Australia is already preparing to conduct maintenance for deployments of up to five nuclear-powered submarines from the US and UK to Western Australia’s HMAS Stirling base in 2027. With ambitious plans for eight more to be built and acquired by Australia, and Defence spending rising to $100 billion annually within the next decade, the spotlight is on local companies capable of meeting the security alliance’s stringent demands and able to tap into its multibillion-dollar budget. ISO 19443 certification takes 12 to 18 months to complete, and with SRF-West (the arrival of the nuclear-powered submarines at HMAS Stirling) just a few years away, we need the entire supply chain to mobilise and align with international standards. https://lnkd.in/gwyRKcGy

RR on a roll, 800p The Royal Navy has awarded Rolls-Royce (RR.L), a 9 billion pound ($11 billion) eight-year contract to design, make and support the nuclear reactors that power its fleet of submarines The contract with Rolls-Royce, which also makes engines for aircraft, would save Britain 400 million pounds over eight years by combining multiple contracts into one. Rolls shares were less than 100p in early 2023, when newly appointed chief executive Tufan Erginbilgic likened the engines giant to a “burning platform”. The company is now worth £50 billion as the 12th-largest stock in the FTSE 100, having repeatedly surpassed City expectations in terms of profit and cash flow delivery. Engine flying hours (EFH) have returned above 2019 levels and the recovery has stayed on course despite significant supply chain headwinds across the aerospace industry. The 23% increase in the price target of Jefferies to 800p stems from a 6-7% improvement in its earnings forecasts for 2025 and 2026 due to a rejig of foreign exchange modelling and a wider re-rating of after-market engine names. The bank favours Rolls heading into the earnings season. It said: “While 2024 EFH are now expected 2% above 2019 (vs. the guide at 0-10% above) we’re encouraged by the trading update comments of ‘increased confidence’ in the guidance. “To us, this feels like the group is on track to reach the top-end and possibly even beat its full-year guide, versus consensus and our expectations which are more modestly set still below the top-end on both earnings and free cash flow.” https://lnkd.in/eZyYuH_D

Rolls-Royce has been awarded a A$17.7 billion eight-year contract from the UK Government, to deliver nuclear reactor design, manufacture and support services for Royal Navy submarines. The “Unity” contract aims to streamline previous contracts and incentivises more efficient delivery, a move which the UK Government believes could save more than A$700 million over the life of the contract, “creating more than 1000 UK jobs and safeguarding 4000 other roles”. The deal is considered a key pillar in maintaining the UK Government’s commitment to the “triple-lock” on the nuclear deterrent, which includes building four new nuclear submarines, maintaining a continuous at sea nuclear deterrent; and delivering all future upgrades needed. The UK Government also believes the deal “strengthens the historic AUKUS partnership with the USA and Australia”. “The eight-year contract represents long-term certainty for a major British business, building in resilience and capability across the supply-chain,” said UK Defence Secretary John Healey MP. “This will generate more efficiency and allow for effective risk and opportunity management, providing incentives to produce more for no increase in cost, including on work such as the building of Dreadnought Class submarines.”

🚀 Big news for Glasgow! Rolls-Royce has just opened a new nuclear submarine office, creating over 100 high-skilled jobs and boosting the local economy. This investment not only strengthens the UK’s nuclear engineering capabilities but also taps into Scotland’s talented workforce to support critical defence programmes like AUKUS and the Dreadnought initiative. It’s a win for regional growth, innovation, and national security – all while ensuring engineers can contribute without relocating. 👉 https://lnkd.in/ew95Hr-B #DefenceNews #Defence #Procurement #Equipment #DefenceInnovation #DefenceSpending #MilitaryBudget

To make AUKUS successful it is going to require hundreds of small to medium enterprises. These companies often don’t have experience in the world of defence. These companies will also need to become a part the nuclear supply chain and how developing a nuclear safety culture is paramount in that effort. UBH Group can assist the forward leaning companies and prepare them for these exciting opportunities. #ISO19443 #DISP #AUKUS #Defence #Nuclear #SupplyChain #SME https://lnkd.in/ePHeM2Kz

Rolls-Royce has secured a £9bn nuclear submarine contract with the UK Ministry of Defence! Dubbed "Unity," this landmark deal - the largest ever between the two - aims to enhance efficiency and sustainability in reactor design, manufacturing, and support services. Fantastic news for the UK defence sector, driving innovation, creating over 1,000 jobs, and boosting national security. We’re proud to support the sector with our precision-engineered components. Read the full article: https://bbc.in/40MZNFS #CNCMachining #Machining #UKmfg #Marine #Defence

Rolls-Royce unveils landmark £9bn nuclear submarine contract 🪙⚛️ Engineering titan Rolls Royce has inked a £9 billion, eight year nuclear submarine contract with the UK Ministry of Defence (MoD) - the biggest in the firm's history. The so-called Unity contract combines the research, technology, design, manufacture and in-service support of the nuclear reactors, which power the Royal Navy's submarines. The company, which has a base in Bristol, said the deal would create 1,000 new rolls within Rolls-Royce Submarines by the end of the contract. These will mainly be in Derby but also include recently announced satellite offices in Glasgow and Cardiff. Continue reading... https://lnkd.in/eGRHpakZ #finance #investing #military #nuclear #automotive #defence #bristolnews #bristolhour #businessnews #businessintelligence