Jacobs awarded $132 million contract for UK naval nuclear propulsion program
In a significant boost to the United Kingdom’s naval capabilities, multinational engineering firm Jacobs has been selected to supply research and technology services to the country’s naval nuclear propulsion program. The $132 million contract, valid until 2032, will cover technical support for the reactors that power the Royal Navy’s submarines, including the Rolls-Royce PWR2 reactors, as well as future reactor development.
Strengthening the UK’s submarine fleet
The UK is currently constructing four new Dreadnought Class ballistic missile submarines and is also working on a new type of submarine under the AUKUS security agreement, in partnership with the United States and Australia. With this contract, Jacobs will play a key role in supporting the existing submarines and developing the future propulsion plant for the Ministry of Defence. This work is of utmost importance as the UK commits to investing in a new generation of vessels to safeguard national security.
Jacobs’ expertise in nuclear safety and technical advice
Jacobs is well-positioned to handle the complex task of supporting the Royal Navy’s nuclear submarines. The company boasts comprehensive laboratory and analytical resources, along with world-leading capabilities in materials science, engineering, physics, and chemistry. Jacobs is already responsible for delivering nuclear safety and technical advice to the Royal Navy’s submarine service under a separate $230 million, 10-year contract awarded in the previous year.
Economic boost and job creation
The contract with Jacobs will not only ensure the technical support for the submarines’ reactors but also provide an economic boost to the UK. The contract is expected to support an additional 100 jobs, adding to Jacobs’ current workforce of over 11,000 people across the country. UK Minister for Defence Procurement, James Cartlidge, expressed confidence that the technical support for the submarines’ reactors is in good hands with Jacobs and highlighted the positive impact it will have on the economy.
Jacobs: Transforming the world for good
Jacobs is a global professional services company committed to solving the world’s most critical problems. With annual revenue of approximately $16 billion and a talent force of over 60,000, the company offers a wide range of consulting, technical, scientific, and project delivery services. Jacobs aims to turn abstract ideas into realities that transform the world for the better, focusing on areas such as thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery, and cutting-edge manufacturing.
Forward-looking statements and uncertainties
Like any major endeavor, there are uncertainties involved in nuclear submarine technology and its support systems. Jacobs, along with the UK Ministry of Defence and other stakeholders, recognizes the inherent risks and challenges in this field. The company remains committed to delivering on its responsibilities and contributing to the success of the Royal Navy’s submarine program. Jacobs will continue to monitor and adapt to evolving economic, geopolitical, and global health conditions to ensure the safe and secure operation of the submarines and meet the UK’s long-term naval requirements.
Analyst comment
Positive news.
As an analyst, Jacobs being awarded the $132 million contract for the UK naval nuclear propulsion program is expected to have a positive impact on the market. This contract will not only strengthen the UK’s naval capabilities but also provide an economic boost and job creation. With Jacobs’ expertise in nuclear safety and technical advice, they are well-positioned to support the Royal Navy’s submarines and contribute to the development of future propulsion plants.
