Rolls-Royce raises the bar for Civil Aerospace, targets return to narrowbody market

UPDATE – Rolls-Royce will continue to focus on investments in large engines for widebody aircraft and small engines for business aircraft. It is also open for partnerships on new engines for narrowbody aircraft using technology from the UltraFan demonstrator. But the OEM plans to dispose of its electrical business for advanced air mobility, Rolls-Royce said on Tuesday during its Capital Markets Day in London.

In a media release and presentation published ahead of the event, Rolls-Royce shared full details of its multi-year transformation that was launched in February after CEO Tufan Erginbilgic

joined the company. The first details were announced on October 17, when Rolls-Royce said that the transformation would result in the loss of 2.000 to 2.500 roles.

In today’s media statement, Erginbilgic says: “Rolls-Royce is at a pivotal point in its history. After a strong start to our transformation program, we are today laying out a clear vision for the journey we need to take and the areas where we must focus. We are creating a high-performing, competitive, resilient, and growing Rolls-Royce that will have the financial strength to control and shape its own destiny.”