RE: RR UPGRADED28 Mar 2024 18:01
Solid Demand: Our expectations for Rolls-Royce's recovery are supported by a strong order backlog across all segments. In civil aerospace, the large engine order book reached 1,632 engines at end-2023 (over three years of deliveries at 2024 production rates), up from 1,282 at end-2022. In defence, the order backlog at end-2023 was GBP9.2 billion (around 2.5x expected 2024 revenue), up from GBP8.5 billion at end-2022, with a book to bill of 1.3x