CEO Tufan Erginbilgic said Thursday the company is already discussing power systems and small modular reactors with hyperscaler data center operators, and expects to seek internal approval for a major customer framework agreement. "Early next week, in [the] investment committee, we are going to sign another big hyperscaler sort of deal," Erginbilgic said in a call with analysts. In power generation, Rolls-Royce is seeing increasing demand for both backup engines and gas engines for use as a prime power source for data centers. It sees free cash flow of £3.8 billion to £4 billion, up from between £3.6 billion and £3.8 billion previously. She also pointed to growing opportunities from higher defense spending, citing long-term commitments under the U.K.'s defense investment plan and NATO's push for greater military investment.