Rolls-Royce Seeks Long-term Uplift With New Aero Engines
British engineering company Rolls-Royce has outlined plans to maintain long-term dominance in large aircraft engines, showcasing two new models that could improve efficiency by up to 10 percent. Rolls-Royce warned this month that U.S. and European defense cuts mean that a decade of profit growth will come to an end this year, sending its shares sharply down and adding incentive to refocus investor attention on the company’s longer-term prospects. Soaring demand for more fuel-efficient engines for aircraft made by Europe’s largest aerospace group Airbus and its U.S. rival Boeing has helped Rolls-Royce’s civil aerospace division to drive the company’s strong run over the past decade.
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