Rolls-Royce Inks MoU With SNPTC - Quick Facts

(RTTNews) - Rolls-Royce Holdings Plc (RR.L, RYCEY.PK) reported signing a memorandum of understanding or MoU with SNPTC, the Chinese nuclear reactor vendor. The agreement would witness Rolls-Royce cooperate more closely with SNPTC in the field of civil nuclear power, in the UK and other overseas markets.

Jason Smith, Rolls-Royce, President Nuclear, said: "China represents one of the world's largest civil nuclear markets in which Rolls-Royce has been supplying safety-critical technology and solutions for 20 years.

The MoU will explore possible collaboration in areas like engineering support, provision of components and systems, supply chain management and instrumentation and control technology, the company said.