Rolls-Royce lifts full-year profit outlook as defense and AI data-center demand grow
Rolls-Royce is benefiting from two investment trends reshaping global markets: surging defense spending and the rapid expansion of AI-driven data centers. The engineering company now expects full-year underlying operating profit to come in between £4.7 billion and £4.9 billion, up from previous guidance of £4.0 billion to £4.2 billion. Chief Executive Tufan Erginbilgic said the company is already discussing power systems and small modular reactors, or SMRs, with hyperscale data center operators, and expects to seek internal approval for a major customer framework agreement.