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Rolls-Royce in nuclear drive



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ROLLS-ROYCE, the engine maker, is to help build the next generation of nuclear power stations, using its expertise in powering Britain's nuclear submarines.
With sales of jet aircraft falling sharply as a result of high fuel prices, Britain's most famous engineering company aims to branch out into the civil nuclear power market.

Jonathan Hale, director of corporate development, said the new business unit could be bigger than Rolls-Royce's marine unit.





The full article contains 77 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 17 July 2008 11:41 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
1

Dissector,

Stirling 18/07/2008 09:13:22
Disregarding the non-business arguments,the following highlight the exceptional contrasts within British industry. Rolls-Royce decide to build on their expertise in nuclear power as the future of UK power generation looks to have an increasingly large nuclear content. The Weir Group, with nuclear expertise also based on naval installations, recently sold its interests. The shareholder "vote-with-the-feet" sell order is clear - strategic business building has always won over short term cash generation.

 

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