11-Feb-2011 11:04 AM

Rolls-Royce: Modest revenue growth forecast for 2011

Rolls-Royce forecast modest revenue growth in 2011, with the recovery in civil aerospace and marine units partially pulled back by a slowdown in defence spending (Reuters, 10-Feb-2011). The company reports strong demand in emerging economies is more than mitigating a subdued recovery in some of its traditional markets, leading to a strong orderbook which positions it for long-term growth.