Rolls-Royce powers up growth in revenue

Posted on 4 May 2012

Engine-maker Rolls-Royce has stated that revenue and profit are growing as demand increases for its products within the aerospace sector.

Following the company’s full year report in February, Rolls-Royce says that the group’s balance sheet remains strong, with Standard & Poor’s Ratings Services raising its long and short term corporate credit ratings to ‘A/A-1’ from ‘A-/A-2’ with a stable outlook.

Since announcing preliminary results in February, the Trent XWB engine has taken to the skies for the first time, on board an Airbus A380 flying test bed.

The company recently opened new manufacturing and training facilities in Singapore to rebalance the firm and gain a greater presence in Asia. The factory will produce wide chord fan blades and assemble and test large commercial jet engines.