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Globe and Mail
01-08-2025
- Business
- Globe and Mail
The Zacks Analyst Blog Highlights Rolls-Royce and GE Aerospace
For Immediate Release Chicago, IL – August 1, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Rolls-Royce RYCEY and GE Aerospace GE. Here are highlights from Thursday's Analyst Blog: Rolls Royce vs GE Aerospace: Which Engine Maker Has More Thrust in 2025? The global aviation industry is soaring to new heights lately, driven by rising aircraft deliveries, expanding airline fleets, and increasing demand for fuel-efficient, high-performance jet engines. As air travel continues its post-pandemic growth and defense spending grows, engine manufacturers like Rolls-Royce and GE Aerospace are at the forefront of this expansion. These industry giants are capitalizing on advancements in propulsion technology, sustainable aviation initiatives and lucrative aftermarket services — key factors propelling investor interest in the stocks. Rolls-Royce, a leader in power systems for wide-body aircraft and military engines, is undergoing a strategic transformation, focusing on improved operational efficiency and next-gen technologies like hybrid-electric propulsion. Meanwhile, GE Aerospace, another dominant force in commercial and military engines, benefits from its strong aftermarket services and next-generation engine programs, including the GE9X for Boeing's 777X and the CFM International LEAP engine, widely used in narrow-body jets. With both companies positioned for growth amid rising demand for air travel and defense modernization, investors face a critical question: Which engine maker offers more thrust in 2025? Let's analyze their strengths, innovations and market positioning to find out. Financial Stability & Growth Catalysts: RYCEY vs GE Rolls-Royce ended June 2025 with a cash and cash equivalent of approximately $7.95 billion, while its gross debt totaled $4.64 billion. So, it is safe to conclude that the stock boasts a solid solvency position, which should enable it to continue investing in its next-generation engine that will offer higher power density, lower emissions and improved fuel consumption compared to its peers. In contrast, GE Aerospace 's cash and cash equivalents amounted to $11.86 billion as of June 30, 2025. Its long-term debt totaled $17 billion, while its current debt was $1.89 billion at the end of the second quarter of 2025. So, one can safely conclude that the stock holds a solid solvency position for the near term. This should offer it the flexibility to invest in its test infrastructure to accelerate the development of next-generation hypersonic propulsion systems, as well as in its U.S. factories and supply chain to strengthen manufacturing capabilities. With respect to growth drivers, the steadily improving air passenger traffic worldwide (for the past couple of years), resulting in increased jet engine and related services demand, has been playing the role of the primary growth catalyst for both RYCEY and GE Aerospace. Evidently, Rolls-Royce registered a 17% year-over-year sales improvement for its Civil Aerospace segment in the first half of 2025. On the other hand, the Commercial Engines & Services ("CES") unit of GE Aerospace witnessed a solid 29% year-over-year increase in revenues during the second quarter of 2025. Sales growth for defense-related aerospace parts and equipment, backed by an increasing defense product acquisition trend worldwide, has also been contributing to both RYCEY and GE's top-line performance. Notably, RYCEY witnessed a 1% rise in its defense revenues during the first half of 2025, while GE's Defense & Systems unit's revenues grew 6% in the second quarter of 2025. In terms of divergent growth trajectories, Rolls-Royce leverages its strengths in widebody aircraft engines and a diversified portfolio that includes marine propulsion technologies — an area where GE Aerospace has no direct presence (in marine). In contrast, GE Aerospace benefits from its dominance in the narrowbody engine market and advanced avionics integration in both commercial and defense aviation, where Rolls-Royce has limited exposure. Risks of Investing in RYCEY & GE With RYCEY and GE operating in the broader aerospace sector, both stocks face industry-specific challenges that investors should consider before investing in them. In particular, persistent supply-chain disruptions remain a major headwind for jet engine makers like RYCEY and GE. In its June 2025 outlook, the International Air Transport Association ("IATA") mentioned that the global aircraft backlog has risen to a record-high of 17,000 jets owing to a significant lag in aircraft deliveries. This shortfall was largely due to ongoing supply-chain bottlenecks. Additionally, the newly imposed U.S. tariffs on imported goods are expected to significantly intensify the global supply-chain issues, potentially delaying the procurement of critical aerospace components. These factors may elevate production costs and disrupt manufacturing timelines, adding to more uncertainty for industry players and thereby constraining growth prospects for both stocks. How Do Zacks Estimates Compare for RYCEY & GE? The Zacks Consensus Estimate for RYCEY's 2025 sales and earnings per share (EPS) implies an improvement of 24.4% and 34.6%, respectively, from the year-ago quarter's reported figures. RYCEY's 2025 and 2026 EPS estimates have moved north over the past 60 days. The Zacks Consensus Estimate for GE's 2025 sales implies a year-over-year decline of 4.4%, while that for EPS suggests a 27.6% surge. The stock's near-term EPS estimates have moved north over the past 60 days. Stock Price Performance: RYCEY vs GE RYCEY (up 28.4%) has underperformed GE (up 34.3%) over the past three months. However, in the past year, RYCEY has outperformed GE. While RYCEY's shares have surged 117.4%, GE rose 61.1%. RYCEY's Valuation More Attractive than GE Roll-Royce is trading at a discount, with its forward 12-month price/earnings of 34.08X being less than GE's forward price/earnings of 42.92X. Final Call While both Rolls-Royce and GE Aerospace stand to benefit from strong long-term aerospace tailwinds, Rolls-Royce appears better positioned to outperform in 2025. RYCEY trades at a more attractive valuation, boasts stronger EPS growth projections and continues to benefit from a strategic focus on widebody aircraft, marine propulsion and sustainable aviation technologies. GE Aerospace, while offering broader exposure in narrowbody engines and avionics, faces a weaker near-term sales outlook and higher debt levels, which could constrain short-term upside. Ultimately, both companies remain fundamentally sound and well-aligned with the evolving needs of the global aerospace market. However, for investors seeking stronger near-term momentum and compelling valuation, Rolls-Royce currently offers the more attractive investment opportunity. While GE Aerospace sports a Zacks Rank #1 (Strong Buy) at present, Rolls-Royce carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 stocks here. Free: Instant Access to Zacks' Market-Crushing Strategies Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached. Get all the details here >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up GE Aerospace (GE): Free Stock Analysis Report
Yahoo
01-08-2025
- Business
- Yahoo
Rolls-Royce vs. GE Aerospace: Which Engine Maker Has More Thrust in 2025?
The global aviation industry is soaring to new heights lately, driven by rising aircraft deliveries, expanding airline fleets, and increasing demand for fuel-efficient, high-performance jet engines. As air travel continues its post-pandemic growth and defense spending grows, engine manufacturers like Rolls-Royce RYCEY and GE Aerospace GE are at the forefront of this expansion. These industry giants are capitalizing on advancements in propulsion technology, sustainable aviation initiatives and lucrative aftermarket services — key factors propelling investor interest in the stocks. Rolls-Royce, a leader in power systems for wide-body aircraft and military engines, is undergoing a strategic transformation, focusing on improved operational efficiency and next-gen technologies like hybrid-electric propulsion. Meanwhile, GE Aerospace, another dominant force in commercial and military engines, benefits from its strong aftermarket services and next-generation engine programs, including the GE9X for Boeing's 777X and the CFM International LEAP engine, widely used in narrow-body jets. With both companies positioned for growth amid rising demand for air travel and defense modernization, investors face a critical question: Which engine maker offers more thrust in 2025? Let's analyze their strengths, innovations and market positioning to find out. Financial Stability & Growth Catalysts: RYCEY vs GE Rolls-Royce ended June 2025 with a cash and cash equivalent of approximately $7.95 billion, while its gross debt totaled $4.64 billion. So, it is safe to conclude that the stock boasts a solid solvency position, which should enable it to continue investing in its next-generation engine that will offer higher power density, lower emissions and improved fuel consumption compared to its peers. In contrast, GE Aerospace's cash and cash equivalents amounted to $11.86 billion as of June 30, 2025. Its long-term debt totaled $17 billion, while its current debt was $1.89 billion at the end of the second quarter of 2025. So, one can safely conclude that the stock holds a solid solvency position for the near term. This should offer it the flexibility to invest in its test infrastructure to accelerate the development of next-generation hypersonic propulsion systems, as well as in its U.S. factories and supply chain to strengthen manufacturing capabilities. With respect to growth drivers, the steadily improving air passenger traffic worldwide (for the past couple of years), resulting in increased jet engine and related services demand, has been playing the role of the primary growth catalyst for both RYCEY and GE Aerospace. Evidently, Rolls-Royce registered a 17% year-over-year sales improvement for its Civil Aerospace segment in the first half of 2025. On the other hand, the Commercial Engines & Services ('CES') unit of GE Aerospace witnessed a solid 29% year-over-year increase in revenues during the second quarter of 2025. Sales growth for defense-related aerospace parts and equipment, backed by an increasing defense product acquisition trend worldwide, has also been contributing to both RYCEY and GE's top-line performance. Notably, RYCEY witnessed a 1% rise in its defense revenues during the first half of 2025, while GE's Defense & Systems unit's revenues grew 6% in the second quarter of 2025. In terms of divergent growth trajectories, Rolls-Royce leverages its strengths in widebody aircraft engines and a diversified portfolio that includes marine propulsion technologies — an area where GE Aerospace has no direct presence (in marine). In contrast, GE Aerospace benefits from its dominance in the narrowbody engine market and advanced avionics integration in both commercial and defense aviation, where Rolls-Royce has limited exposure. Risks of Investing in RYCEY & GE With RYCEY and GE operating in the broader aerospace sector, both stocks face industry-specific challenges that investors should consider before investing in them. In particular, persistent supply-chain disruptions remain a major headwind for jet engine makers like RYCEY and GE. In its June 2025 outlook, the International Air Transport Association ('IATA') mentioned that the global aircraft backlog has risen to a record-high of 17,000 jets owing to a significant lag in aircraft deliveries. This shortfall was largely due to ongoing supply-chain bottlenecks. Additionally, the newly imposed U.S. tariffs on imported goods are expected to significantly intensify the global supply-chain issues, potentially delaying the procurement of critical aerospace components. These factors may elevate production costs and disrupt manufacturing timelines, adding to more uncertainty for industry players and thereby constraining growth prospects for both stocks. How Do Zacks Estimates Compare for RYCEY & GE? The Zacks Consensus Estimate for RYCEY's 2025 sales and earnings per share (EPS) implies an improvement of 24.4% and 34.6%, respectively, from the year-ago quarter's reported figures. RYCEY's 2025 and 2026 EPS estimates have moved north over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for GE's 2025 sales implies a year-over-year decline of 4.4%, while that for EPS suggests a 27.6% surge. The stock's near-term EPS estimates have moved north over the past 60 days. Image Source: Zacks Investment Research Stock Price Performance: RYCEY vs GE RYCEY (up 28.4%) has underperformed GE (up 34.3%) over the past three months. However, in the past year, RYCEY has outperformed GE. While RYCEY's shares have surged 117.4%, GE rose 61.1%. Image Source: Zacks Investment Research RYCEY's Valuation More Attractive Than GE Roll-Royce is trading at a discount, with its forward 12-month price/earnings of 34.08X being less than GE's forward price/earnings of 42.92X. Image Source: Zacks Investment Research Final Call While both Rolls-Royce and GE Aerospace stand to benefit from strong long-term aerospace tailwinds, Rolls-Royce appears better positioned to outperform in 2025. RYCEY trades at a more attractive valuation, boasts stronger EPS growth projections and continues to benefit from a strategic focus on widebody aircraft, marine propulsion and sustainable aviation technologies. GE Aerospace, while offering broader exposure in narrowbody engines and avionics, faces a weaker near-term sales outlook and higher debt levels, which could constrain short-term upside. Ultimately, both companies remain fundamentally sound and well-aligned with the evolving needs of the global aerospace market. However, for investors seeking stronger near-term momentum and compelling valuation, Rolls-Royce currently offers the more attractive investment opportunity. While GE Aerospace sports a Zacks Rank #1 (Strong Buy) at present, Rolls-Royce carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Rolls-Royce Holdings PLC (RYCEY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
Rolls-Royce vs. GE Aerospace: Which Engine Maker Has More Thrust in 2025?
The global aviation industry is soaring to new heights lately, driven by rising aircraft deliveries, expanding airline fleets, and increasing demand for fuel-efficient, high-performance jet engines. As air travel continues its post-pandemic growth and defense spending grows, engine manufacturers like Rolls-Royce RYCEY and GE Aerospace GE are at the forefront of this expansion. These industry giants are capitalizing on advancements in propulsion technology, sustainable aviation initiatives and lucrative aftermarket services — key factors propelling investor interest in the stocks. Rolls-Royce, a leader in power systems for wide-body aircraft and military engines, is undergoing a strategic transformation, focusing on improved operational efficiency and next-gen technologies like hybrid-electric propulsion. Meanwhile, GE Aerospace, another dominant force in commercial and military engines, benefits from its strong aftermarket services and next-generation engine programs, including the GE9X for Boeing's 777X and the CFM International LEAP engine, widely used in narrow-body jets. With both companies positioned for growth amid rising demand for air travel and defense modernization, investors face a critical question: Which engine maker offers more thrust in 2025? Let's analyze their strengths, innovations and market positioning to find out. Financial Stability & Growth Catalysts: RYCEY vs GE Rolls-Royce ended June 2025 with a cash and cash equivalent of approximately $7.95 billion, while its gross debt totaled $4.64 billion. So, it is safe to conclude that the stock boasts a solid solvency position, which should enable it to continue investing in its next-generation engine that will offer higher power density, lower emissions and improved fuel consumption compared to its peers. In contrast, GE Aerospace's cash and cash equivalents amounted to $11.86 billion as of June 30, 2025. Its long-term debt totaled $17 billion, while its current debt was $1.89 billion at the end of the second quarter of 2025. So, one can safely conclude that the stock holds a solid solvency position for the near term. This should offer it the flexibility to invest in its test infrastructure to accelerate the development of next-generation hypersonic propulsion systems, as well as in its U.S. factories and supply chain to strengthen manufacturing capabilities. With respect to growth drivers, the steadily improving air passenger traffic worldwide (for the past couple of years), resulting in increased jet engine and related services demand, has been playing the role of the primary growth catalyst for both RYCEY and GE Aerospace. Evidently, Rolls-Royce registered a 17% year-over-year sales improvement for its Civil Aerospace segment in the first half of 2025. On the other hand, the Commercial Engines & Services ('CES') unit of GE Aerospace witnessed a solid 29% year-over-year increase in revenues during the second quarter of 2025. Sales growth for defense-related aerospace parts and equipment, backed by an increasing defense product acquisition trend worldwide, has also been contributing to both RYCEY and GE's top-line performance. Notably, RYCEY witnessed a 1% rise in its defense revenues during the first half of 2025, while GE's Defense & Systems unit's revenues grew 6% in the second quarter of 2025. In terms of divergent growth trajectories, Rolls-Royce leverages its strengths in widebody aircraft engines and a diversified portfolio that includes marine propulsion technologies — an area where GE Aerospace has no direct presence (in marine). In contrast, GE Aerospace benefits from its dominance in the narrowbody engine market and advanced avionics integration in both commercial and defense aviation, where Rolls-Royce has limited exposure. Risks of Investing in RYCEY & GE With RYCEY and GE operating in the broader aerospace sector, both stocks face industry-specific challenges that investors should consider before investing in them. In particular, persistent supply-chain disruptions remain a major headwind for jet engine makers like RYCEY and GE. In its June 2025 outlook, the International Air Transport Association ('IATA') mentioned that the global aircraft backlog has risen to a record-high of 17,000 jets owing to a significant lag in aircraft deliveries. This shortfall was largely due to ongoing supply-chain bottlenecks. Additionally, the newly imposed U.S. tariffs on imported goods are expected to significantly intensify the global supply-chain issues, potentially delaying the procurement of critical aerospace components. These factors may elevate production costs and disrupt manufacturing timelines, adding to more uncertainty for industry players and thereby constraining growth prospects for both stocks. How Do Zacks Estimates Compare for RYCEY & GE? The Zacks Consensus Estimate for RYCEY's 2025 sales and earnings per share (EPS) implies an improvement of 24.4% and 34.6%, respectively, from the year-ago quarter's reported figures. RYCEY's 2025 and 2026 EPS estimates have moved north over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for GE's 2025 sales implies a year-over-year decline of 4.4%, while that for EPS suggests a 27.6% surge. The stock's near-term EPS estimates have moved north over the past 60 days. Image Source: Zacks Investment Research Stock Price Performance: RYCEY vs GE RYCEY (up 28.4%) has underperformed GE (up 34.3%) over the past three months. However, in the past year, RYCEY has outperformed GE. While RYCEY's shares have surged 117.4%, GE rose 61.1%. Image Source: Zacks Investment Research RYCEY's Valuation More Attractive Than GE Roll-Royce is trading at a discount, with its forward 12-month price/earnings of 34.08X being less than GE's forward price/earnings of 42.92X. Image Source: Zacks Investment Research Final Call While both Rolls-Royce and GE Aerospace stand to benefit from strong long-term aerospace tailwinds, Rolls-Royce appears better positioned to outperform in 2025. RYCEY trades at a more attractive valuation, boasts stronger EPS growth projections and continues to benefit from a strategic focus on widebody aircraft, marine propulsion and sustainable aviation technologies. GE Aerospace, while offering broader exposure in narrowbody engines and avionics, faces a weaker near-term sales outlook and higher debt levels, which could constrain short-term upside. Ultimately, both companies remain fundamentally sound and well-aligned with the evolving needs of the global aerospace market. However, for investors seeking stronger near-term momentum and compelling valuation, Rolls-Royce currently offers the more attractive investment opportunity. While GE Aerospace sports a Zacks Rank #1 (Strong Buy) at present, Rolls-Royce carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Rolls-Royce Holdings PLC (RYCEY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
31-07-2025
- Business
- Daily Mail
Rolls Royce profits soar 50% in first six months of the year
Rolls Royce profits soared 50 per cent in the first six months of the year amid growing demand for its jet engines. Shares in the British engineering giant rocketed more than 10 per cent on Thursday morning after Rolls hiked its earnings forecast for the year. The upgrade came after a bumper first-half saw profits hit £1.7billion - compared with £1.1billion a year earlier - and revenue jump 11 per cent from £8.2billion to £9.1billion. Erginbilgic has been credited with turning the 119-year-old company's fortunes around. Rolls-Royce shares are up more than 85 per cent so far this year and are worth nearly 10 times more than they were when the former BP executive took the reins in 2023. The half-year results gave 'further confidence for mid-term targets', Erginbilgic said, adding that the goal was 'a milestone not a destination' with 'growth prospects beyond the midterm'. Demand for Rolls-Royce's jet engines has been boosted by the recovery of international travel since the pandemic. In the first six months of the year, Erginbilgic said Rolls-Royce had improved the time its engines spend 'on wing' – meaning the hours engines spend powering planes before needing maintenance – and the profitability of its maintenance services. And the company shrugged off the impact of Donald Trump's tariff war, including by taking 'pricing actions where appropriate' and making cost efficiencies. 'By February we were already ready,' Erginbilgic said. 'We didn't know what to predict. In an uncertain world, my personal belief is that a company's job is not to predict what s going to happen but to gear up to respond. 'They need to have the mindset and response capability.' He added: 'Our processes were aligned before tariff numbers hit, we were very quick to go to the mitigations.' Aarin Chiekrie, an equity analyst at Hargreaves Lansdown, said: 'Rolls-Royce continues to soar above expectations, delivering yet another set of high-flying results and profit guidance upgrades.
The Guardian
31-07-2025
- Business
- The Guardian
Rolls-Royce profits soar 50% on strong demand for jet engines
Rolls-Royce has reported a 50% rise in half-year profits, as strong demand for its jet engines and power generators for AI datacentres solidified its turnaround efforts. The British jet-engine maker said underlying operating profits climbed to £1.7bn in the first six months of 2025, up from £1.1bn during the same period last year, in an earnings update that helped push the company's shares to a fresh all-time high. The strong half-year results meant the manufacturer, whose main operations are in Derby, was able to raise its profit forecast for the year from a range of £2.7bn-£2.9bn to £3.1bn-£3.2bn. Rolls-Royce, which makes engines used in large Boeing and Airbus planes, said its earnings were driven in part by 'strong' demand for its large engines business. It has also been helped by the boom in weapons spending since Russia's invasion of Ukraine, with Rolls-Royce a key supplier of engines for fighter jets. Its power systems business also had a significant increase in interest from datacentres, which the chief executive Tufan Erginbilgiç confirmed was linked to the boom in artificial intelligence. Orders for datacentres rose by 85% compared with last year. It expects a 20% increase in datacentre orders every year to 2030, having forecast annual growth of 15-17% as recently as February. The results helped propel Rolls-Royce's shares up 10.5% on Thursday morning to a record high of £11.085 – driving the company's valuation above £90bn for the first time. In October 2020, the first year of the Covid-19 pandemic, its share price fell below 40p. Its valuation has nearly doubled during 2025, and it is the fifth most valuable company on the London Stock Exchange. Rolls-Royce's rally helped to power the FTSE 100 index of blue-chip shares to a record intraday high of 9,190 points on Thursday morning. The company's turnaround has been a triumph for Erginbilgiç, who ruffled feathers on taking over the business in 2023 by saying it was on a 'burning platform'. Since then he has cut costs and pushed customers to pay more for its products through renegotiating contracts for maintaining jet engines that go on wide-body planes, such as the Airbus A350 and Boeing 787. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion The company also received a recent boost from the UK government's decision to choose it to deliver the first small modular nuclear reactors (SMRs) – factory-produced nuclear power stations that aim to cut costs. Rolls-Royce said the SMR business – which it hoped could eventually be bigger than the existing revenues – should be 'profitable and free cashflow positive by 2030' – before delivery of the first SMRs a couple of years later.
