
Engine maker Rolls-Royce has posted record annual profits of £1.16 billion for the year to the end of December 2011.
It is the first time the company has reported annual profits in excess of £1 billion. The results were boosted by the company’s acquisition of German engine maker Tognum and the £950 million sale of its stake in International Aero Engines.
Rolls-Royce provides power systems and services for use on land, at sea and in the air, for the civil aerospace, defence aerospace, marine and energy and nuclear sectors.