Market Chatter: Rolls-Royce Reportedly Nears Subsidy Deal with UK Government for New Jet Engine Project

02:35 AM EDT, 10/23/2026 (MT Newswires) -- Rolls-Royce (RR.L) is close to finalizing a deal with the UK government for a support package worth 100 million pounds sterling to 200 million pounds for its new aircraft engine project, London's Financial Times reported Friday, citing two people briefed on the matter. The unnamed sources said the potential subsidy is earmarked for the aerospace, defense and power systems company's development of a new UltraFan 30 engine. At the current valuation, the deal would mark one of the biggest financial commitments of the UK government for the country's reindustrialization, the report said. A deal could reportedly be announced as early as next week. One of the people said negotiations are still ongoing and the announcement timing could still change. Rolls-Royce declined to comment when reached by MT Newswires, while the UK Department for Business, Science, Innovation and Trade did not immediately respond to a request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)