Britain Backs Rolls-Royce With £2.5 Billion Jet-Engine Deal
Britain is backing Rolls-Royce with a £2.5 billion deal for a new jet engine.
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03:31:38 PM UTC
SquawkNews
Rolls-Royce LSE:RR. has agreed a framework deal for £2.5 billion ($3.3 billion) in government support to develop a new engine for narrowbody jets, paving the way for the British company to return to the biggest segment of the civil aerospace market.Finance Minister John Healey announced the deal in…