Corporate report
Submarine Delivery Agency (SDA): Annual Report and Accounts 2024 to 2025
This is the seventh Annual Report and Accounts of the Submarine Delivery Agency since it was established in April 2018. It covers the 2024 to 2025 financial year.
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The Submarine Delivery Agency (SDA) is an Executive Agency of the Ministry of Defence. The vision and primary purpose of the SDA is to lead a high-performing, industrial enterprise to deliver the United Kingdom’s submarine capability safely and securely, and more effectively and cost-efficiently every year.
The Annual Report and Accounts sets out the performance of the agency in its seventh year of operation.
Updates to this page
Published 29 January 2026