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AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0% AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0%
M&A / Property

AtkinsRealis secures multi-year nuclear partnership with Rolls-Royce Submarines

ATRL · Price

Executive Summary

  • AtkinsRéalis has been appointed under a framework agreement to provide nuclear propulsion and engineering services to Rolls‑Royce Submarines, supporting the UK Ministry of Defence’s submarine programme.
  • The Capability Assured Strategic Partnership (CASP) is valued at up to £400 million over five years, with an option to extend for two additional years.
  • The agreement positions AtkinsRéalis alongside Frazer‑Nash and Assystem as a key supplier of nuclear lifecycle management, safety assurance, systems engineering and related consulting services for current (Astute, Dreadnought) and future submarine programmes, including the AUKUS‑linked fleet.

Key Details

  • Framework Value: Up to £400 million total over five years; extension option for two more years.
  • Scope of Services:
  • Nuclear propulsion system support, safety assurance, systems engineering, program delivery.
  • Consulting, environmental services, asset management, cyber‑resilience, digital solutions, reactor design and substantiation.
  • Partners in the Framework: Frazer‑Nash and Assystem (jointly delivering expertise with AtkinsRéalis).
  • Strategic Context: Aligns with UK Government’s commitment to nuclear defence, supporting the Royal Navy’s submarine fleet and the broader Defence Nuclear Enterprise; complements AUKUS security agreement.
  • Previous Related Appointments: Earlier in 2025, AtkinsRéalis and Mott MacDonald were named joint fissile design partners for Rolls‑Royce Submarines (Derby site expansion).
  • Current Programme Involvement: Rolls‑Royce Submarines is delivering reactor plants for the Astute and Dreadnought classes; the partnership will aid future nuclear‑powered submarine builds under AUKUS.

Notable Quotes

  • “Global defence investment is accelerating as nations seek to reinforce security and resilience,” said Ian L. Edwards, President and CEO, AtkinsRéalis.
  • “Nuclear propulsion systems for submarines require exceptional precision, safety, and technical depth,” said Joe St. Julian, President, Nuclear, AtkinsRéalis.
Read the original news release →

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