Increased streamlining of its power systems and marine units the company could result in major savings for the company.
Warren East, Rolls-Royce’s Chief Executive said that the company is in the process of making a turnaround with a potential cost saving of at least $1.3 billion (1 billion pounds). No targets have been set yet though.
He said he was however confident of meeting last year’s cost savings target of 150-200 million pound. He was also looking forward to potential future projects, possibly even a new Boeing plane.
“We would like to participate if it’s a sensible opportunity. We will see what plane they (Boeing) actually come up with, if they come up with one,” said East.
East who has been at the helm in Rolls-Royce for a year now, reaffirmed that he does not expect the company to undertake any large scale disposal. Instead he expects Rolls-Royce to streamline its product line in its power systems and marine units.
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