
Rolls-Royce in Chichester has increased its annual profit forecast to nearly £3 billion, surpassing its previous estimate of £2.8 billion.
The Goodwood-based engine manufacturer has also announced plans to buy back approximately £1 billion worth of stock from investors. Following the news, shares have surged by as much as 15%.
This update comes as Rolls-Royce begins a £300 million expansion at its Chichester site. Construction is now underway, with workers pouring the first of around 650 concrete foundation pads on the north side of the Goodwood facility.
The expansion aims to support the company’s continued growth and innovation, reinforcing its position in the luxury automotive and aerospace sectors. With strong financial performance and investment in infrastructure, Rolls-Royce is positioning itself for long-term success.