Rolls-Royce Nears UK Government Subsidy Deal of Up to £200 Million for UltraFan 30 Engine Demonstrator
Why It MattersState co-funding of a demonstrator for a short-haul engine shows governments stepping in to carry early-stage propulsion risk as manufacturers prepare for the next narrowbody engine generation.
Rolls-Royce is nearing a deal for British government subsidies of up to £200 million ($267.9 million) to help fund the development of a new engine for short-haul aircraft. An announcement is possible as early as next week.
Funding of £100 million to £200 million would help Rolls-Royce develop and test a demonstrator version of its new UltraFan 30 engine, according to people familiar with the matter. Reuters could not immediately verify the account, and Rolls-Royce did not respond to a request for comment outside regular business hours.
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