Rolls-Royce urges UK to commit to subsidies for about $4 billion engine project, FT reports

Feb 23 (Reuters) – Rolls-Royce is urging the UK government to commit to taxpayer support for the 3 billion pounds ($4.05 billion)development of a new aircraft engine project, the Financial Times reported on Monday, citing people familiar with the matter.

The company is asking between 100 million-200 million pounds in the first instance to help fund the development and testing of a demonstrator of the UltraFan 30 engine, the report said.

Reuters could not immediately verify the report.

($1 = 0.7400 pounds)