Business review: Strategy

We have followed a consistent strategy over many years to grow the business profitably based on five key elements:

Address four global markets

We are a leading power systems company operating in the civil and defence aerospace, marine and energy markets.

Invest in technology, capability and infrastructure

Over the past five years, we have invested £3.5 billion in research and development. We invest approximately £30 million annually on training and some £300 million a year on capital projects.

Develop a competitive portfolio of products and services

We have more than 50 current product programmes and we are involved in many of the major future projects in the markets we serve. These key projects will define the power systems market for many years.

Grow market share and installed product base

Across the Group, the installed base of engines in service is expected throughout their long product lives to generate attractive returns over several decades.

Add value for our customers through the provision of product-related services

We seek to add value for our customers with aftermarket services that will enhance the performance and reliability of our products.

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