Rolls-Royce (OTCPK:RYCEY) (OTCPK:RYCEF) is poised to obtain the first order from a European government to build a fleet of small nuclear reactors, after the company beat out six competitors to be named the preferred supplier by Czech Republic state utility CEZ,

CEZ, the Czech Republic's state-controlled energy group, has chosen the UK's Rolls Royce as its partner to develop small modular reactors (SMRs). The decision is a blow to rival bidders Westinghouse and GE Hitachi of the US.

Rolls-Royce SMR has been chosen by the Czech Government as the preferred partner to develop small modular reactors in Czechia

Rolls-Royce is on course to secure the first order from a European government to build a fleet of mini nuclear reactors after being selected as the preferred supplier in a competition overseen by the Czech government.

Rolls-Royce beat competition from French, American and Japanese rivals to be named as a preferred supplier to state-owned power group CEZ..

The Czech Republic has become the first country to place an order for Rolls-Royce’s mini nuclear reactors, raising fears in Britain that skilled jobs and exports will disappear abroad. Rolls said the deal,