Rolls-Royce will manufacture nuclear reactors to power new U.K. submarines under a contract valued approximately at $11.1 billion.

Rolls-Royce and the UK Ministry of Defense agreed to a $11 billion deal for nuclear submarine reactors, the biggest between the two parties.

Britain said on Friday it had awarded Rolls-Royce a 9 billion pound ($11 billion) eight-year contract to design, make and support the nuclear reactors that power its fleet of submarines, amid U.S. calls for higher defence spending.

A £9bn deal for nuclear submarine reactors has been agreed between the Ministry of Defence and Rolls-Royce - the biggest ever between the two. Defence Secretary John Healey announced the agreement on Friday during a visit to the firm's nuclear reactor production facility in Derby.

Rolls-Royce has won a £9bn contract to upgrade submarine nuclear reactors. The firm will also build reactors for new nuclear-powered subs.

Rolls-Royce has been awarded a £9 billion contract to design and maintain nuclear reactors for the UK's submarine fleet, boosting the Royal Navy's deterrent capabilities. The deal will save £400 million and create 1,

Britain has awarded Rolls-Royce a 9 billion ($11 billion) contract to design, manufacture, and support nuclear reactors for its submarine fleet. The eight-year agreement aims to enhance the Royal Navys continuous

Labour has put growing the U.K. economy at the forefront of its plans since returning to power in July—but has yet to deliver on its pledge.

Rolls-Royce has signed the largest contract in its history with the UK Ministry of Defence (MoD), an eight-year agreement valued at approximately £9 billion.