Aerospace & Defence
Rolls-Royce Holdings is a major engineering group specialising in power and propulsion systems. Its businesses serve civil aviation, defence and power-generation markets, with a large installed base of engines producing significant long-term service revenues.
Large civil aircraft engines and aftermarket servicing, military aircraft and naval propulsion, power-generation systems, engines for data centres and industrial applications, and development of small modular nuclear reactors.
Global civil aviation, UK and international defence markets, marine applications, power generation, data centres and industrial customers.
Flying hours and civil aviation demand, engine deliveries, aftermarket servicing, defence spending, major contract wins, margins, free cash flow, data-centre demand and progress in small modular nuclear reactors.
Aircraft engine reliability and programme costs, supply-chain disruption, execution of major contracts, aviation downturns, defence procurement changes, currency movements and delays or cost overruns on new technologies.
30 July 2026: underlying operating profit rose 46% to £2.5bn and free cash flow reached £2.0bn, prompting an upgrade to full-year guidance of £4.7-4.9bn operating profit and £3.8-4.0bn free cash flow. Civil aftermarket margins, defence growth, power demand from data centres and delivery of the 2028 targets remain central to the investment case.
Regular dividends were reinstated in 2025. The 2025 total dividend was 9.5p per share; for 2026 Rolls-Royce declared a 6.0p interim dividend payable in September, alongside a £2.5bn 2026 buyback within a planned £7-9bn multi-year buyback programme.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.