Rolls-Royce Holdings targets GBP 3.1-3.2 billion in operating profit and GBP 3.0-3.1 billion in free cash flow for 2025. Civil aerospace demand remains strong with new orders and Trent XWB-97 engine interest. Large-engine flying hours up 8% year on year. Defense demand steady with progress in military projects. Fair value estimate: GBX 1,120. EBIT expected to grow faster than revenue.

Read more at Morningstar: Rolls-Royce: Strong Civil Demand and Defense Momentum Support 2025 Targets and Midterm Upside