UK to Allocate $1.5 Bln to Build Reactors for Next Generation Submarines
LONDON, June 17 (RIA Novosti) - The UK will allocate 1 billion pounds ($1.5 billion) for building two reactors for next-generation nuclear-powered submarines, the BBC reported on Sunday.
The contract, expected to be announced by Defense Secretary Philip Hammond, is part of plans to replace the Vanguard fleet, which carries the Trident nuclear deterrent.
The work will be carried out at the Rolls-Royce factory at Raynesway, Derby, and will create 300 jobs.
The UK Ministry of Defense has already set aside 3 billion pounds to begin work on the new submarines to replace the Royal Navy's four Vanguard class boats.
The additional funds will go towards refurbishing the Rolls-Royce facility and developing the reactors.
The deal will fund two reactors, one for the seventh Astute Class attack submarine and one for the first of the new nuclear deterrent submarines.
The Conservatives have plans to replace the UK's existing Trident submarines by 2028.
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