Underlying profits from Rolls-Royce’s civil aerospace business declined 10% to £405 million ($686 million) for the first six months of 2014. In a statement, Rolls-Royce said: “This reflects adverse mix from higher deliveries of Trent 1000s for launch customers, lower deliveries of large corporate jet engines, a higher net charge for R&D and higher restructuring.” The civil aerospace business generated £3.2 billion in underlying revenue over the six-month ...

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