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LONDON (Reuters) – The British manufacturer of aircraft engines, Rolls-Royce, said it was on track to reach its goals for the entire year and that cash inflows are expected to materialize in the second half of the year.
The engine manufacturer for civil and military aircraft and military aircraft said it also continued repairing the Trent 1000 engines, which had been threatened by problems due to corrosion or premature cracking of the blades.
Rolls stated that the cost of engine repairs remained in line with previous forecasts. For the year, he remains confident in achieving his underlying operating profit target and free cash flow guidance of £ 700 million, up or down £ 100 million.
(Kate Holton report, edited by James Davey)
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