Nuclear-powered AI could make Rolls Royce UK’s biggest firm, says boss

Rolls-Royce sees SMRs as key to its future, but its biggest business is aircraft engines.

Already dominant in supplying engines to wide-bodied aircraft like Boeing 787 and Airbus A350, it plans to break into the next generation of narrow-bodied aircraft like the Boeing 737 and Airbus A320. This market is worth $1.6tn – nine times that of the wide-bodied .

Rolls-Royce is a bit player in a market that has powerful and successful leaders, and that rival Pratt and Witney lost $8bn trying and failing to break into.

The market is dominated by CFM International – a joint venture between US-based GE Aerospace and French company Safran Aerospace Engines.

Industry veterans told the BBC that market leaders can and will drop prices to airline customers long enough to see off a new assault on their market dominance.

But Mr Erginbilgic said this is not just the biggest business opportunity for Rolls-Royce. Rather, it is “for industrial strategy… the single biggest opportunity for the UK for economic growth”.

“No other UK opportunity, I challenge, will match that,” he said.