Engine-maker Rolls-Royce clocked up nearly £9billion of new business in the first half of the year and said its £61.4billion of new orders represented an all-time high.
Significant demand from Singapore Airlines, Norwegian Airlines and Emirates Airlines meant orders were up 6 per cent in the period.
The company also secured an order from Asiana Airlines to supply six A380 superjumbos with its Trent 900 engine - the same model which exploded mid-air on a Qantas flight last year, prompting the carrier and several other airlines to ground their fleet.
The boost to orders came as Derby-based Rolls reported a 28 per cent increase in pre-tax profits to £595million. Revenues increased 4 per cent to £5.5billion, although equipment sales dropped 2 per cent as declining marine sales offset a 22 per cent rise in civil aerospace.
Defence aerospace benefited from contract termination settlements following the government's Strategic Defence and Security Review by the Ministry of Defence, and Rolls expects profit growth from further one-off settlements with the Ministry of Defence and continued strong civil aerospace performance.
It forecasts revenues to double over the next ten years, and is bullish that its recent joint £3billion takeover of German engine maker Tognum with Daimler could accelerate this further.
Investment continued in the period, including ongoing building work at the advanced manufacturing research centres in Ansty in Warwickshire, Sheffield and Bristol.
Rolls also launched the new Trent XWB engine, which it has agreed to supply on an exclusive basis to Airbus for its A350-1000 aircraft.
Shares were up 2.25p (0.3 per cent) to 643.7p in early trading.
Source: http://www.thisismoney.co.uk
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