The UK will allocate 1 billion pounds ($1.5 billion) for building two reactors for next-generation nuclear-powered submarines, the BBC reported on Sunday.
The contract, expected to be announced by Defense Secretary Philip Hammond, is part of plans to replace the Vanguard fleet, which carries the Trident nuclear deterrent.
The work will be carried out at the Rolls-Royce factory at Raynesway, Derby, and will create 300 jobs.
The UK Ministry of Defense has already set aside 3 billion pounds to begin work on the new submarines to replace the Royal Navy's four Vanguard class boats.
The additional funds will go towards refurbishing the Rolls-Royce facility and developing the reactors.
The deal will fund two reactors, one for the seventh Astute Class attack submarine and one for the first of the new nuclear deterrent submarines.
The Conservatives have plans to replace the UK's existing Trident submarines by 2028.
They told me: "Mr Repussard, we're not used to responding to anti-nuclear organisations". To which I replied: "We will not reveal any state or trade secrets, but we will not leave them without any answer".
Georgy Toshinsky
Not quite so. The authors of the concept, which was difficult to be realized in practice, turned to a clearer concept of a standing wave reactor (TP-1) that in principle allows finding the solution to the tasks stated for TWRs.
Vladimir Yevseyev
One more round of talks will be held in Moscow on June 18-19 in an attempt to find common ground. There is no reason to dramatize the situation.