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Rolls-Royce soars as CEO East sets ambitious mid-term goals

Updated : June 15, 2018 03:33 PM IST

The maker of engines for civil planes, military jets and ships has been in turnaround mode since 2015.
Rolls said it was well placed to exceed a target of generating free cash flow of 1 billion pounds ($1.3 billion) by 2020.
Despite Rolls's confidence, the engineering company remains under pressure in the near term from airline customers due to ongoing issues with parts not lasting as long as expected on the Trent 1000 which powers the Boeing 787.
Rolls-Royce soars as CEO East sets ambitious mid-term goals
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