Rolls-Royce Wins Submarine Support Contract

Monday, December 10, 2001
Rolls-Royce won a second service contract from the Ministry of Defense to ensure the safety and power performance of Royal Navy nuclear submarines, in a deal worth more than $500 million. Under this contract, the company will continue to operate and maintain the Vulcan Naval Reactor Test Establishment site at Dounreay, Scotland, on behalf of the Ministry of Defense, to service and support Royal Navy programs over the next 13 years. This facility tests the operation and performance of the nuclear power plants used to support the UK submarine flotilla. On November 14, Rolls-Royce announced it had won a contract to provide a total powerplant support package, worth about $150 million over the next three years. Saul Lanyado, Rolls-Royce President -- Marine said: "Customer support is an important part of Rolls-Royce strategy, representing 40 percent of Group sales. The company has invested in enhancing its customer service capabilities and this contract is another example of the emphasis we place on continuing support to our customers. "We have in place two long-term agreements which provide Rolls-Royce and the Ministry with a clear vision of how our partnership will develop to ensure the performance and availability of the submarine flotilla." A key element of the Vulcan contract will be confirming the performance and safety of the long-life reactor core, part of the propulsion plant manufactured by Rolls-Royce. This type of core will power the new Astute class of submarines for their full platform life and will also be retrofitted to the Vanguard class. Rolls-Royce has operated the Vulcan site since 1964. The company has designed, supplied and supported all the reactor systems and equipment that powers the Royal Navy's nuclear submarine fleet.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Today in U.S. Naval History: July 28

Today in U.S. Naval History - July 28 1915 - Sailors and Marines land in Haiti to restore order 1916 - Navy establishes a Code and Signal Section which initially

New Australian Navy Submarines to be Japan Built?

Australia should discuss building its next-generation fleet of submarines overseas, the Department of Defence said on Monday, a shift that could open the door to

Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

Finance

Cummins Reports Revenue Jump in Q2 2014

Cummins Inc. reported its results for the second quarter of 2014. According to the report, second quarter revenue of $4.8 billion increased 7 percent from the same quarter in 2013.

GPA Sets Tonnage Record

The Georgia Ports Authority moved more than 29 million tons of cargo, 3 million twenty-foot equivalent container units (TEUs) and more than 700,000 auto and machinery units in Fiscal Year 2014.

Diana Shipping Invests in Diana Containerships

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has entered into an agreement to purchase

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1083 sec (9 req/sec)