Rolls-Royce overcomes marine arm setback

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Rolls-Royce expects to deliver good growth in full-year profit, despite lowering revenue guidance for its marine division, which has been hit by changes to the timing of some deliveries.

Rolls, the world’s second-largest maker of aircraft engines behind US group General Electric, yesterday said trading since July had been robust and that it continued “to expect good growth in underlying (annual) revenue and profit, with cash flow around breakeven”.

Rolls is investing £80m in a futuristic factory in Rotherham to manufacture high-technology turbine blades for jet engines. The group is planning another, larger, factory for the site.

 

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