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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holding PLC    RR.   GB00B63H8491

Delayed Quote. Delayed  - 07/25 10:04:32 am
717.5 GBp   -0.42%
07/21 PRESS : National Grid Chairman Peter Gershon Could Lead Trident Rene..
07/19 ROLLS ROYCE : to deliver ship design and equipment to Hurtigruten's ..
07/13 ROLLS ROYCE : and Mubadala development company confirm partnership i..
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PRESS: National Grid Chairman Peter Gershon Could Lead Trident Renewal

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07/21/2016 | 12:52pm CEST

LONDON (Alliance News) - Peter Gershon, the chairman of National Grid PLC, has been informally approached to take control of the programme to build new nuclear-missile submarines to replace the existing Trident fleet following a vote in Parliament earlier this week, the BBC reported.

Trident is the UK's nuclear programme that covers the development, procurement and operation of nuclear weapons as one of the three NATO members allowed to maintain such a programme alongside the US and France.

There are four nuclear submarines within the Trident fleet and at least one of them has been on patrol at all times since 1969, but the fleet now needs replacing and this has been given the all-clear after MPs voted overwhelmingly in favour of the renewal earlier this week, although there was opposition to the plan.

The BBC said the project to replace Trident is expected to cost around GBP40.00 billion, while Reuters has estimated the new fleet could cost the taxpayer GBP130.00 billion over its lifetime. The official figure from the Ministry of Defence is GBP31.00 billion with a GBP10.00 billion contingency added on.

The submarines are built by BAE Systems PLC, which owns and operates the UK's only submarine construction yard, at Barrow-in-Furness, and the reactors that power them are made by Rolls-Royce Holdings PLC.

Defence industry sources say, according to the BBC, that Whitehall has considered a radical approach, such as appointing an independent project manager to oversee BAE Systems and Rolls-Royce.

The final approach has yet to be determined, the sources said, but it was likely to either be a new agency, or a collaborative partnership between all the contractors and government, with independent oversight included.

National Grid's Gershon has received informal approaches to see if he would be interested in chairing such a partnership. It is understood he has been non-committal and is likely only to consider such a role properly once the final contract structure is determined.

Gershon is also the chairman of Tate & Lyle PLC.

http://www.bbc.co.uk/news/business-36854270

Copyright 2016 Alliance News Limited. All Rights Reserved. , source Alliance News

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Financials ( GBP)
Sales 2016 13 305 M
EBIT 2016 774 M
Net income 2016 332 M
Debt 2016 658 M
Yield 2016 1,84%
P/E ratio 2016 36,66
P/E ratio 2017 24,14
EV / Sales 2016 1,05x
EV / Sales 2017 1,01x
Capitalization 13 248 M
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Mean consensus UNDERPERFORM
Number of Analysts 23
Average target price 5,80  GBP
Spread / Average Target -20%
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NameTitle
David Warren Arthur East Chief Executive Officer & Director
Colin Peter Smith Group President & Director
Ian Edward Lamert Davis Chairman
David Miles Smith Chief Financial Officer & Director
Chris Barkey Director-Engineering & Technology
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