Rolls-Royce to continue technology investment

Aircraft engine maker Rolls-Royce says it will continue to invest in technology and infrastructure as it reported positive results.

Aircraft engine maker Rolls-Royce says it will continue to invest in technology and infrastructure as it reported positive results for the first half of 2011.

The company said it is "confident in the knowledge that we will grow significantly" in the coming years, so will continue to channel cash towards improving customer commitments and improving operational effectiveness - and technology is an important part of the plan.

In the previous three years, Rolls-Royce invested more than £4bn in technology and infrastructure and said spending continued in the first half of this year. Investments included new manufacturing, research and training facilities in Singapore, as well as work around advanced manufacturing research centres in Ansty, Sheffield and Bristol - the sites are all scheduled to become operational in the second half of this year.

Despite defence spending cutbacks, Rolls-Royce returned to profit in the first six months of the year, with net profit of £842m. This compares with a post-tax loss of £334m in the same period of last year. Revenue was £5.36bn, and the company's order book reached a record £61.4bn during the reporting period.

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