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Fortune
Fortune
AFP

U.K. signs £9 billion nuclear submarine deal with Rolls Royce—in a move to boost national security and create thousands of jobs

(Credit: Peter Nicholls/Getty Images)

Britain's government on Friday announced a deal with engine-maker Rolls-Royce to support the Royal Navy's fleet of nuclear submarines, seen as boosting economic growth and national security.

The multi-year contract with the British company, worth £9 billion ($11 billion), is expected to create more than 1,000 UK jobs and safeguard 4,000 more, the Labour administration headed by Prime Minister Keir Starmer said in a joint statement.

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