Jacobs Awarded $132 Million UK Ministry of Defence Research and Technology Contract

DALLAS, Jan. 25, 2024 /PRNewswire/ -- Jacobs (NYSE:J) was selected to supply research and technology services to the United Kingdom's naval nuclear propulsion program.

The $132 million (£108 million) contract, which runs until 2032, covers essential through-life technical support for the reactors which power the Royal Navy's submarines, including the Rolls-Royce PWR2 reactors, and reactor development for future boats.

The U.K. is currently building four new Dreadnought Class ballistic missile submarines and is developing a new type of submarine as part of the AUKUS security agreement with the U.S. and Australia.

"With this contract, Jacobs will play a key role in supporting existing submarines and developing future propulsion plant for the Ministry of Defence," said Jacobs Vice President Andy White. "Our business has supported the Royal Navy's nuclear submarines since design work on the first boat began in 1958. At a time when the U.K. is committed to a long-term investment in a new generation of vessels to safeguard national security, this work is as important as it has ever been."

Jacobs provides comprehensive laboratory and analytical resources and world-leading capability in materials science, high integrity engineering, physics, chemistry and many other disciplines. The company is also responsible for delivering nuclear safety and technical advice to the Royal Navy's submarine service under a $230 million (£185 million), 10-year contract awarded last year.

"We're committed to sustaining the Astute and Vanguard Class submarines and with this contract, the crucial technical support for the reactors that power our submarines will continue to be in good hands," said U.K. Minister for Defence Procurement James Cartlidge. "This will provide another economic boost, supporting 100 more U.K. jobs, with Jacobs already having in excess of 11,000 people across the country."

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and X.

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