Those who use umbrella services may benefit from the latest news involving a £1.1billion contract awarded to Rolls-Royce, which will secure and create more jobs.
The global systems company, Rolls-Royce, has secured an 11-year contract, which will provide ongoing support for engines on the UK’s C-130 Hercules transport and VC10 tanker fleets
Umbrella company contractors working in the industry may benefit due to the latest investment funding the refurbishment of Britain's sole submarine propulsion reactor plant at Raynesway, Derby. This should create more job opportunities within the next few years, as well as securing up to 300 current jobs.
Defence Secretary, Philip Hammond said, "This is sustaining a sovereign capability in the UK and some very high end technical skills in the UK for the next 40 or 50 years.”
He added, "Having balanced the MoD's books we can now invest in vital strategic capabilities to meet the present and future defence needs of the UK.
"This contract will secure hundreds of highly skilled jobs for UK industry, while retaining our sovereign nuclear capability.
"The Raynesway site has played a key part in the production and maintenance of our nuclear deterrent for more than 50 years. This regeneration will make sure it continues to do so for many years to come."
Paul Craig, Rolls-Royce, Executive Vice President Services – Defence, said, "This contract amendment is testimony to the standard of service delivered to-date and reflects the value we offer to our customer.
“We take pride in supporting the Royal Air Force’s fleet of C-130s and in our successful partnership with Lockheed Martin, Marshall Aerospace and the Ministry of Defence."
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