Rolls-Royce aims for huge jump in civil aerospace profitability

LONDON: Rolls-Royce vowed to deliver up to 2.8 billion pounds ($3.53 billion) of operating profit in the medium term by increasing the margin on its civil aerospace business to 15-17% from 2.5% last year, putting it closer to its rivals.

Chief Executive Tufan Erginbilgic's masterplan, which has been almost a year in the making, will see a major step change in margins in its business that powers nearly half of the long-haul civil market by around 2027.