Rolls-Royce achieved 122 large civil engine deliveries over the first half, a figure slightly up on the previous 120.
It handed over fewer Trent 1000s for the Boeing 787 and Trent 7000s for the Airbus A330neo, but more Trent XWBs for both the A350-900 and -1000 variants.
Rolls-Royce’s civil aerospace division turned in the largest margin improvement of the company’s overall activities, with an operating margin of almost 25%.
The company attributes this to strong large-engine aftermarket performance, better contractual margins, and higher profit on spare engines.
Operating profit for the division rose 63% to £1.19 billion ($1.58 billion) on a 17% improvement in revenues to nearly £4.8 billion.
Rolls-Royce says it has been striving to improve commercial terms and lower costs across both widebody aircraft and business aviation contracts.
All original equipment contracts have been “successfully renegotiated”, it states, along with “the most significant” onerous aftermarket contracts – with the remainder expected to be “largely” concluded over 2025-26.
This will generate a “significant benefit” to underlying operating profit and cash-flow, it adds.
Rolls-Royce delivered a total of 237 civil engines over the first half, around the same level as last year, and is expecting a full-year total at the “low end” of the 540-570 range, compared with 529 in 2024.
