Rolls-Royce announces good start to year - 08-05-2008 - 08:41

British engineering and aerospace company Rolls-Royce has announced a solid start to the year despite the current economic environment.

It has gained from growth in its energy and marine businesses and ongoing defence work, the Press Association reports.

The firm has spread globally, with £7.7 billion in new order in the first quarter of the year, including a £2 billion contract with US airways for Trent 700 engines.

Chief executive Sir John Rose told the delegates at its annual meeting that emerging markers were aiding Rolls-Royce but the company will have to cope with the credit shortage and rising fuel costs.

He added: "The group's increasingly global nature, our access to growing international markets and the scale of our order book all support your board's confidence that Rolls-Royce will continue to deliver growth."

It has also been announced Rolls-Royce is set to team up with the Conservative party to stimulate the manufacturing sector.

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