1.Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
2.Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Nuclear & Energy and Power Systems (RRPS). On 6 May 2014 Rolls-Royce announced it had signed an agreement to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. On completion, expected before the end of December 2014, Rolls-Royce will receive a further £200 million for a 25 year licensing agreement.
3.Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.
4.Our business is focused on the 4Cs:
•Customer - placing the customer at the heart of our business
•Concentration - deciding where to grow and where not to
•Cost - continually looking to increase efficiency
•Cash - improving financial performance.