Rolls-Royce profits surge 46% on defense and AI demand
On Thursday, Rolls-Royce announced an underlying operating profit of £2.5 billion ($3.3 billion) for the first half of the year, reflecting a 46% rise compared to the previous year. The company also upgraded its full-year forecast due to increased demand in its civil aerospace, defense, and power systems sectors.
Key facts
- Rolls-Royce reported first-half underlying operating profit of £2.5 billion ($3.3 billion) on Thursday.
- Profit increased 46% from a year earlier.
- The company raised its full-year guidance.
- Demand grew across civil aerospace, defense, and power systems divisions.
- The defense boom and AI buildout contributed to the earnings beat.
Entities
Institutions
- Rolls-Royce
Sources
- Quartz —