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Rolls-Royce Seeks Billions in UK Aid for New Engine
23 Feb
Summary
- Rolls-Royce requests taxpayer support for a new aircraft engine.
- The project involves a 3 billion pound development cost.
- Initial funding sought is between 100-200 million pounds.
Rolls-Royce has formally requested that the UK government commit taxpayer support to a substantial new aircraft engine project. The development is estimated to cost 3 billion pounds. The company is seeking an initial sum of between 100 million and 200 million pounds.
This initial funding is intended to facilitate the development and testing phases of a demonstrator for the new UltraFan 30 engine. The company's plea highlights the significant financial undertaking required for such advanced engineering initiatives.
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