Record orders, sales and profits for Rolls-Royce as civil aerospace sector booms

The aeroengine maker’s profits rose 21% to £1.16bn ($1.84bn), while the order book grew 5% to reach £62bn, a new record. Expansion in the airline industry is the main driver, as customers Boeing and Airbus posted record order in 2011. And despite the reduction in military spending in the UK, Europe and the US, Rolls-Royce…