Capturing Performance Improvement Opportunities
DEFENCE
Advantaged and resilient business operating in attractive markets.
Underlying revenue (2022)
TRANSPORT
£3,660m
COMBAT¹
SUBMARINES
NAVAL
HELICOPTER
Transport -33%
Combat -31%
Submarines - 21%
Naval - 9%
Helicopter - 6%
Versatile core
Global solutions
with leading
technology
Full value chain
capability
Power-dense
engines
25-30%
Market share
2,500+
Aircraft in service
T56
60+ years in service to
date
10-20%
Market share
2,500
Aircraft in service
RB199
40+ years in service to
date
100%
Market share
(UK submarine power)
10
Boats in service
PWR1
60 years in service to
date
15-30%
Market share
(gas turbines & generators)
250+
Ships in service (engines)
Decades of small
engine experience
10-15%
Market share
3,200²
Aircraft in service
Marine Spey M250
40+ years in service to date
60+ years in service to
date
1. Includes Trainers | 2. Military helicopters | Market share relates to 2023-2030
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