Rolls-Royce achieved higher sales of spares and maintenance services than of new engines for the first time in the first half of 2003, with aftermarket revenues providing just over £1.33 billion ($2.1 billion) of the group's £2.66 billion revenues.
Profit margins were higher on military engines, while airlines were hit by the SARS virus and the Iraq war. Colin Green, president of R-R Military, says: "The higher [military] delivery rate will continue as more programmes enter production. We have the EJ200 for the Eurofighter Typhoon, the contract for Lockheed Martin C-130J engines, and the Bell Boeing V-22 is entering production."
Source: Flight International